BlackRock's tokenized fund BUIDL adopts Chronicle's verification solution to enhance asset transparency
PANews reported on March 27 that, according to The Block, BlackRock's tokenized fund BUIDL has introduced oracle provider Chronicle as a new verification solution. According to the announcement on Tuesday, Chronicle's "Proof of Reserves" system will provide "independently verified, position-level data," which can be viewed on the Chronicle dashboard. This data will "continuously demonstrate the availability, timeliness, and integrity of the fund's asset allocation." Chronicle Proof of Reserves is an institutional-grade oracle layer that obtains data directly from the custodian and manager. BUIDL is currently the largest tokenized fund, managing approximately $1.7 billion in US Treasuries, overnight repurchase agreements, and cash assets.
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