SuperState Taps Chainlink's Decentralized Computing Platform for USTB Fund
CryptoNewsTerminal Staff12 Aug, 2024
SuperState Taps Chainlink's Decentralized Computing Platform for USTB Fund
Strengthening Tokenized Fund Infrastructure SuperState, an asset management firm embracing blockchain technology, has integrated Chainlink's (LINK) decentralized computing platform with its in-house tokenized fund based on US Treasury bonds (USTB). This integration aims to enhance the on-chain representation of the USTB's Net Asset Value (NAV) utilizing Chainlink's reliable data feeds. By leveraging Chainlink's infrastructure, SuperState gains access to a secure and dependable mechanism for transmitting real-time data from reputable sources to its tokenized fund. This enhances transparency and accuracy in the calculation of the USTB's NAV, ensuring that investors have access to up-to-date information. The integration of Chainlink's decentralized computing platform empowers SuperState's USTB fund with increased robustness and accessibility. This strategic move aligns with the firm's commitment to innovation and the adoption of cutting-edge technologies to drive value for its clients.
