PANews reported on March 27th that, according to The Block, BlackRock's tokenized fund BUIDL has introduced oracle provider Chronicle as a new verification solutionPANews reported on March 27th that, according to The Block, BlackRock's tokenized fund BUIDL has introduced oracle provider Chronicle as a new verification solution
BlackRock's tokenized fund BUIDL uses the Chronicle verification solution to enhance asset transparency.
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PANews reported on March 27th that, according to The Block, BlackRock's tokenized fund BUIDL has introduced oracle provider Chronicle as a new verification solution. According to a Tuesday announcement, Chronicle's "Proof of Assets" system will provide "independently verified holding-level data," viewable on the Chronicle dashboard, which "continuously proves the availability, timeliness, and completeness of the fund's asset composition." Chronicle Proof of Assets is an institutional-grade oracle layer that obtains data directly from custodians and managers. BUIDL is currently the largest tokenized fund, managing approximately $1.7 billion in U.S. Treasury bonds, overnight repurchase agreements, and cash assets.
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