Today Superstate, an asset management firm building blockchain-based financial products, announced the integration of Chainlink Data Feeds into Superstate’s Short Duration US Government Securities Fund (USTB). Delivering net asset value (NAV) data onchain via Chainlink allows Superstate to enhance the composability of USTB across onchain financial markets.
As the industry-standard decentralized computing platform, Chainlink has enabled over $12.5 trillion in transaction value and provides a comprehensive set of services that are critical for creating and securing tokenized real-world assets like tokenized funds throughout the multi-chain landscape.
USTB’s NAV data is calculated offchain by NAV Fund Services and Superstate, then securely reported and synchronized onchain via Chainlink’s oracle infrastructure, increasing USTB’s accessibility and transparency while unlocking opportunities for composable, programmable funds in collateralized lending, asset management, and market making.
“Asset tokenization enhances efficiency, programmability, and transparency but requires reliable onchain data to unlock DeFi and automation use cases,” said Superstate CEO and co-founder Robert Leshner in an official announcement. “Our integration with Chainlink ensures transparent data for our investors, allowing us to focus more on our core business.”
Chainlink has been at the forefront of growing interest in fund tokenization this year. In May, the DTCC collaborated with 10 of the world’s largest financial institutions to demonstrate how Chainlink’s Cross-Chain Interoperability Protocol (CCIP) can bring NAV data onchain. Last month, Chainlink announced a collaboration with Fidelity International and Sygnum to bring NAV data for Fidelity International’s $6.9 billion Institutional Liquidity Fund onchain.
Johann Eid, Chief Business Officer at Chainlink Labs, described Superstate’s Chainlink integration to bring NAV and AUM (assets under management) data onchain as a new milestone that further expands tokenization’s horizon. “Superstate is playing a fundamental role in advancing infrastructure and servicing essential aspects of the rapidly growing tokenized asset economy,” he said.