CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Chainlink Expands Financial Data Migration to Blockchain

03.07.2024
A A
0
121
VIEWS
ShareShare

Sygnum and Fidelity International are leveraging Chainlink’s technologies to integrate real-time net asset value (NAV) data from the Fidelity Institutional Liquidity Fund, which amounts to $6.9 billion. This collaboration uses blockchain to provide instantaneous access to financial data.

Fidelity and Sygnum Move NAV Data onto Blockchain via Chainlink

Sygnum, a global group of digital banks, and Fidelity International, an American holding company, partnered with Chainlink, a developer of decentralized blockchain oracle networks. This partnership aims to use distributed ledger technology (DLT) to simplify access to financial data.

As part of this collaboration, data on net asset value (NAV) of the Fidelity Institutional Liquidity Fund will be transferred to the blockchain using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Subsequently, Sygnum’s clients will gain access to the data. This approach will enable real-time updates of financial data. Thus, Sygnum’s clients will have access to up-to-date NAV data from Fidelity, updated much faster than traditional systems that only update at the end of each trading day.

NAV represents a financial metric that calculates the value of an investment fund’s assets minus its liabilities, divided by the number of shares outstanding.

Recently, the prospects of using the CCIP, launched by Chainlink in 2023, for efficient data transmission of net asset values through DLT systems were tested by the Depository Trust & Clearing Corporation (DTCC). Previously, Chainlink’s developments were also employed by Vodafone for processing financial transactions and document transfers between IoT devices.

Сообщение Chainlink Expands Financial Data Migration to Blockchain появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at $4.22 trillion. Around...

Read moreDetails
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
Load More
Next Post
Coinbase Bags $32 Million Contract From DOJ For Handling Confiscated Crypto

Coinbase Bags $32 Million Contract From DOJ For Handling Confiscated Crypto

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Cathie Wood’s ARK Sells $146M in Circle Stock Amid 250% Rally — What’s Driving the Exit?

Cathie Wood’s ARK Sells $146M in Circle Stock Amid 250% Rally — What’s Driving the Exit?

3 months ago

We Asked ChatGPT Which 5 Cryptos Will Survive in 10 Years: The Answer Might Surprise You

2 years ago
zkSync Era’s ‘elegant’ fix for 921 ETH ‘stuck forever’ in smart contract

zkSync Era’s ‘elegant’ fix for 921 ETH ‘stuck forever’ in smart contract

2 years ago
Using courts for every crypto issuance will squash innovation: Grayscale CEO

Using courts for every crypto issuance will squash innovation: Grayscale CEO

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Trending

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at...

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz