- The Role of Chainlink in the Integration
- Enhancing Transparency with Proof of Reserve
- Chainlink’s Expanding Role in the Tokenized Asset Economy
Asset management firm Superstate has integrated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This integration is designed to enhance the transparency and utility of the tokenized treasury fund.
The Role of Chainlink in the Integration
Chainlink will allow NAV data for the USTB tokenized fund to be securely brought on-chain. NAV data is calculated off-chain by NAV Fund Services and Superstate, and then it is securely reported on-chain through Chainlink’s infrastructure. This process ensures that the data is accurate, transparent, and available in real-time for investors and other market participants.
Enhancing Transparency with Proof of Reserve
In the coming months, Superstate plans to further integrate Chainlink's Proof of Reserve (PoR) technology. PoR is a powerful tool that provides on-chain verification of assets under management (AUM) data. This technology allows investors to independently verify the collateralization of the assets backing the USTB fund, enhancing trust and security.
Chainlink’s Expanding Role in the Tokenized Asset Economy
Chainlink's collaboration with Superstate is part of its broader strategy to support the growth of the tokenized asset economy. For instance, recently, 21Shares US LLC, an affiliate of 21Shares AG, integrated Chainlink's Proof of Reserve on Ethereum’s mainnet to enhance the transparency of its Core Ethereum ETF (CETH). Similarly, last July, Bancolombia Group-backed Wenia, Columbia’s largest bank, partnered with Chainlink to enhance the transparency and security of its stablecoin, COPW, by integrating Chainlink's PoR technology.
Chainlink's integration with Superstate's USTB fund marks an important step towards increasing the transparency and utility of tokenized assets, bolstering investor trust and confidence.
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