Fidelity Launches Tokenized Fund on Chainlink
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Fidelity International has launched a tokenized liquidity fund on the Chainlink network, marking a significant step in institutional adoption of blockchain-based financial products. The fund, managed by a Bermuda-based asset manager, utilizes Sygnum for custody and JPMorgan for daily NAV data, ensuring transparency and real-time pricing. This move underscores the growing trend of traditional finance embracing tokenization, leveraging blockchain for operational efficiency and accessibility. The integration of Chainlink's oracle network provides reliable off-chain data, enhancing the fund's security and trustworthiness. As more institutions explore tokenized assets, this development could catalyze further innovation in the digital asset space.
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