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Superstate Integrates Chainlink's Infrastructure into Tokenized Funds

Aug 14, 2024
  1. The Role of Chainlink in the Integration
  2. Enhancing Transparency with Chainlink's Proof of Reserve
  3. Chainlink’s Expanding Role in the Tokenized Asset Economy

Superstate, an asset management firm, integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB) to enhance transparency and utility for tokenized assets.

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, ensuring accuracy, transparency, and real-time availability for investors and other market participants.

"Asset tokenization enhances efficiency, programmability, and transparency but requires reliable on-chain data to unlock DeFi and automation use cases. Our integration with Chainlink ensures transparent data for our investors, allowing us to focus more on our core business."Robert Leshner, CEO and Co-founder of Superstate

Enhancing Transparency with Chainlink's 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, allowing 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 integrated Chainlink’s Proof of Reserve on Ethereum’s mainnet to enhance the transparency of its Core Ethereum ETF (CETH), providing clear visibility into the Ethereum reserves backing the ETF. 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 into Superstate’s tokenized funds marks a significant step toward enhancing transparency and trust in the tokenized asset industry.

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