Chronicle, the second-largest Oracle platform by secured assets, has announced a partnership with Superstate to integrate its latest Verified Asset Oracle.
Chronicle and Superstate Partnership
Chronicle plans to use its Verified Asset Oracle to ensure transparency in Superstate's Short Duration US Government Securities Fund (USTB), modernizing investments through tokenized financial products.
Benefits of Oracle Integration
Key benefits include real-time transparency, allowing investors to see asset states in real-time, and data verification by independent sources such as Ernst & Young and Chronicle's Oracle.
Chronicle's Role in DeFi Transformation
Chronicle plays a key role in transforming finance through DeFi, supporting institutional products and driving interest in DeFi with its reliability and innovative approach to oracles.
The integration of Chronicle and Superstate is an example of the potential of DeFi in the financial industry, demonstrating the benefits of tokenization and how oracles can provide transparency and trust.
