1st guess: shielded cable. If this is on the PCB then 2nd guess: guard traces around the signal trace.
The 2nd.
Grounded guard traces around the clock track. Not a bad idea actually.
AndyC_772 beat me to it..
:-)
The chip is a NXP 24bit audio ADC.
The "loop" is a guard ring around the master clock to isolate it from high frequency noise around in the circuit.
Come to think of it, the "SYSCLOCK" should have indicated the purpose of the guard ring.