“The teams have released a whitepaper that introduces a new model for securely verifying Net Asset Value (NAV) DATA ON-CHAIN for TOKENized Private Funds.”, – WRITE: www.coindesk.com
The Model, Dubbed The Trusted Single Source Oracle (Tsso), Is Designed to Address A Key Gap in Decentralized Finance Source-and Hasn’t been Tampered with Once is on -chain.
In Traditional Crypto Markets, Oracles Pull Data from Multiple Price Feeds to Guard Against Manipulation or Errors. But for Private Funds, The Nav Is Calculated by a Single Fund Administrator. That creates a unique problem: there’s no way to double-check the Number Through Market Aggregation. For defi protocols that rely on account collateral values, this Single Point of Trust Has Been A Sticking Point.
The Tsso Framework Solves This by Creating A Cryptographically Linked Chain of Nav Updates, Accounting To The Whitepaper. Each Update Includes A Secure Digital Signature, A Timestamp, A Reference to the Previous Record, and A Hash that Locks of the Sequence Together. The System Uses Two Keys: A Cold-Stored “Root Key” for Major Updates and A “Chain Key” for Small, Routine Changes That Stay Within Tight Thresholds. This Design Aims to Balance High Security with The Practical Need to Refresh Nav Data Without Constant Manual Work.
“We Need to Make Sure that We Can Fully Authenticate the Information, That We Can Check That No One Is Compromising with The Data, And We Can Only Rely on A Single Sour. Next Level – so that’s the challenge, ”SAID JAKUB WOjciechowski, The Founder of Redstone, in an Interview with Coindesk.
Access to wejciechowski, securitize is the treatment of the lead on the development of the Product, “Building Sort of Like An Internal Blockchain, Which Is A CHAINID. “We Know That Will Not Miss Any Single Price Update, Because The Next Price Update Is Cryptographically Connected to the Previous One.” After that, “Overy Everything Is Properly SignED, We Gather The Ability to Verify that the Data Trly Comes from the Source.”
Tokenized Funds Are Widly Seen As One of the Next Big Growth Areas for Blockchain. But Their Success Depends on Bridging the Trust Gap Between Traditional Finance and Crypto Infrastructure.
While Still Early, The Effort Highlights the Growing Push to Build Institutional-Grade Infrastructure for Defi. If widly adopted, Models Like Tsso Could Make It Easier for Tokenized Funds to Integrate with on-Chain Tools.
Securitize said that it is already piloting tsso with some of it clients, and that it hopes to make significant Progress and have it more widly asailable soon.
“This is Open to the Industry, But For Securitize, It’s Very Natural for the Assets that Wea dealeing with,” SAID JORGE SERNA, The Chief Product andze. “We have been Issuing Treasury Funds and Credit Funds for WHICH EITHER WE’RE the Transfer Agent or The Fund Admin or Perform Both Functions, and We Are ALREADY, FOR TERFIC Via Redstone.
Read More: Securitize’s Tokenized Credit Fund Set for Solana Defi Debut As rwa Trend Expands
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