RedStone to Provide Onchain NAV Data for Neuberger Berman’s HINC Tokenized Fund
RedStone, a blockchain oracle provider, is set to deliver daily net asset value (NAV) data for the Neuberger Securitize High Income Tokenized Fund (HINC) across Ethereum, Avalanche, Solana, and Sui. This announcement, made on August 18, 2026, marks a significant step in proving the utility of tokenized funds onchain.
The HINC fund, subadvised by Neuberger Berman, focuses on high-yield corporate bonds, collateralized loan obligations (CLOs), and bank loans. These assets are subject to price fluctuations based on credit spreads and macroeconomic sentiment, making accurate and tamper-resistant NAV calculations crucial.
RedStone's approach utilizes the Trusted Single Source Oracle (TSSO) standard, developed in collaboration with Securitize, to ensure that each data point is cryptographically signed and timestamped. This method creates a reliable link back to the fund administrator, facilitating accurate NAV updates.
HINC's unique structure allows for fluctuating NAV, unlike many tokenized funds that maintain a stable value. This characteristic necessitates precise pricing data, especially if HINC shares are to be used as collateral in decentralized finance (DeFi) lending protocols.
The partnership between Securitize and Neuberger Berman highlights the potential for traditional asset managers to operate within blockchain infrastructure, paving the way for innovative financial products in the tokenized space.
FAQ
What is the purpose of RedStone providing NAV data for the HINC fund?
RedStone is providing daily net asset value (NAV) data for the HINC fund to ensure accurate and tamper-resistant calculations, which are crucial for the fund's fluctuating asset values.
What types of assets does the HINC fund focus on?
The HINC fund focuses on high-yield corporate bonds, collateralized loan obligations (CLOs), and bank loans.
What is the Trusted Single Source Oracle (TSSO) standard?
The Trusted Single Source Oracle (TSSO) standard is a method developed by RedStone in collaboration with Securitize that ensures each data point is cryptographically signed and timestamped for reliability.
How does the fluctuating NAV of HINC differ from other tokenized funds?
Unlike many tokenized funds that maintain a stable value, HINC's unique structure allows for a fluctuating NAV, which requires precise pricing data for accurate valuation.
What is the significance of the partnership between Securitize and Neuberger Berman?
The partnership highlights the potential for traditional asset managers to leverage blockchain infrastructure, paving the way for innovative financial products in the tokenized space.
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