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Superstate Integrates Chainlink Infrastructure

Twitter icon  •  Published 5 months ago on August 13, 2024  •  Hassan Maishera

Superstate, an asset management firm modernizing investing through tokenized financial products, is now leveraging Chainlink’s infrastructure for tokenized assets.

Superstate Integrates Chainlink Infrastructure

Chainlink announced via X on Monday that Superstate, an asset management firm modernizing investing through tokenized financial products, is now leveraging Chainlink’s infrastructure for tokenized assets.

Superstate has integrated Chainlink Data Feeds into Superstate's tokenized treasury fund, the Superstate Short Duration US Government Securities Fund (USTB). This integration enables Superstate to securely bring net asset value (NAV) data onchain, enhancing the composability of the fund across the onchain financial markets.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 1% over the past 24 hours and is trading at $10.28 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.