Chainlink (CRYPTO:LINK), in collaboration with Fidelity International and Sygnum, has launched a significant initiative to tokenise $6.9 billion worth of asset data from Fidelity’s Institutional Liquidity Fund.

This partnership aims to enhance transparency and efficiency in digital asset management by leveraging blockchain technology.

By tokenising Net Asset Value (NAV) data, Chainlink ensures secure, real-time reporting and historical data access, improving decision-making processes across financial markets.

Sergey Nazarov, co-founder of Chainlink, highlights the transformative potential of fund tokenisation, predicting widespread adoption across asset classes.

Real-world applications include the tokenisation of $50 million of Matter Labs’ treasury reserves on ZKsync blockchain, demonstrating practical use cases for blockchain in treasury management.

Market response has shown initial interest, with Chainlink’s token experiencing a brief increase, underscoring growing enthusiasm for blockchain-driven financial solutions.