- The Role of Chainlink in the Integration
- Enhancing Transparency with Chainlink's Proof of Reserve
- 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 the transparency and utility of USTB, a tokenized treasury fund, according to a press release shared with BSCN.
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 critical in determining the value of both traditional and tokenized funds. For USTB, this data is calculated off-chain by NAV Fund Services and Superstate, and then securely reported on-chain through Chainlink’s infrastructure, ensuring the data is accurate, transparent, and available in real-time for investors and other market participants.
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. 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), boosting investor confidence.
The integration of Chainlink with Superstate represents a significant step towards enhancing the transparency and utility of tokenized assets, while Chainlink's collaborations with other firms underscore its importance in the development of the tokenized asset economy.
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