BlackRock’s tokenized BUIDL fund taps Chronicle for new ‘verification layer’

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), the largest onchain Treasuries investment vehicle, has integrated Chronicle's Proof of Asset system as a novel verification solution. This system provides independently verified, continuously attested data regarding the fund's asset composition, freshness, and integrity, viewable on the Chronicle dashboard. According to Securitize's CEO, this evolution towards fully transparent, data-driven financial instruments is crucial for institutional adoption. Chronicle's Proof of Asset acts as an institutional-grade oracle layer, sourcing data directly from custodians to boost visibility and verifiability, which is necessary for tokenized funds to integrate into DeFi and TradFi ecosystems. Chronicle's founder emphasized that this "integrity layer" offers more granular data than simple price feeds, providing assurances on valuation, composition, custody, and existence of the underlying assets. BUIDL currently manages about $1.7 billion in Treasuries, repos, and cash, and this move sets a new standard for transparency in tokenized finance.

(Source：The Block)