Fidelity International launches Moody’s-rated tokenized fund on Chainlink
60-second summary
Fidelity International is launching a Moody's-rated tokenized fund on Chainlink, utilizing Sygnum infrastructure and incorporating daily NAV data from JPMorgan for pricing. This marks a significant step in institutional adoption of tokenized assets, with the fund offering liquidity to investors. The move is expected to increase mainstream acceptance of crypto assets.
The Bermuda-based asset manager launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure, with JPMorgan providing daily NAV data for pricing.