Blockchain-based investment management company Superstate has integrated Chainlink Data Feeds product to provide tokenized Treasury fund pricing data.
The company integrated #Chainlink Data Feeds on Aug. 12 to provide Superstate Short Duration US Government Securities Fund (USTB) net asset value (NAV) data on the #blockchain . Superstate said the move will improve compatibility and interoperability across the USTB blockchain.
integration with Chainlink will provide investors with data transparency and allow them to focus on their core business, said Robert Leshner, CEO of Superstate and founder of Compound Labs.
USTB offers holders tokenized U. S. Treasury assets and, according to Superstate, has raised $102 million in assets under management since its launch in February of this year.
Chainlink's data feed gives USTB real-time visibility and opens up programming opportunities, including integration with blockchain-based money markets for use in collateralized lending.
Asset tokenization improves efficiency, programmability and transparency, but requires robust blockchain data to unlock #MarketDownturn and automation, Leshner added.
This move comes amid rapid growth in the tokenized treasury segment, whose total market value has increased 148% to US$1.91 billion since the beginning of 2024, according to Rwa. xyz data. This growth is driven by BlackRock's institutional USD, according to Rwa. xyz. Digital Liquidity Fund (BUILD), which currently leads the sector with USD 513.4 million, helped by its launch.
Superstate is playing a fundamental role in infrastructure development and service delivery in this important aspect of the growing tokenized asset economy, said Johann Eide, Chainlink's Chief Business Officer. We look forward to Superstate unlocking new use cases and business opportunities through its integration with Chainlink, said Johann Eide, business director at Chainlink.
Superstate was founded in 2023 and manages $ 129 million in digital assets.
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