Securitized, one of the biggest tokenized active ingredients, and the supplier of Oracle Redstone published a white paper which, according to him (Nav) Chain data, specially designed for token private funds.
The model, nicknamed the unique source of confidence source (TSSO)is designed to fill a key difference in decentralized finance (Challenge) Infrastructure: how to prove reliably that each Nav update comes from the source of trust – and has not been falsified once it is in chain.
In traditional crypto markets, oracles draw data from several price food to protect against manipulation or errors. But for private funds, the NAP is calculated by a single fund administrator. This creates a unique problem: there is no way to reveal the number by market aggregation. For the DEFI protocols which are based on precise collateral values, this unique point of confidence was a bonding point.
The TSSO framework solves this by creating a cryptographically linked nav chain, according to the white paper. Each update includes a secure digital signature, a time timeing, a reference to the previous recording and a hatch that locks 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 remain in tight thresholds. This design aims to balance high security with the practical need to refresh NAV data without constant manual work.
“We must make sure that we can fully authenticate the information, that we can check that no one compromises with the data, and we can only count on a single source. This is why the whole process must be put at the next level – it is therefore the challenge,” said Jakub Wojciechowski, the founder of Redstone, in an interview with Cundesk.
According to Wojciechowski, Securitize takes the lead on product development, “build a bit like an internal blockchain, which is a chain with prices updates,” he said. “We know that there will be no unique price updates, because the next price update is cryptographically connected to the previous one.” After that, “once everything is properly signed, we bring together the ability to verify that the data really comes from the source.”
Tokenized funds are largely considered to be one of the next major areas of blockchain growth. But their success depends on filling the confidence gap between traditional finance and cryptographic infrastructure.
Although it is still early, the effort highlights the growing thrust of building an institutional quality infrastructure for DEFI. If they are widely adopted, models like TSSO could facilitate the integration of tokenized funds with chain tools.
Securitize said that he was already driving TSSO with some of his customers and hopes to make significant progress and soon make it more widely available.
“This is open to industry, but for security, it is very natural for the assets we are dealing with,” said Jorge Serna, product and technology manager of Securitize. “We make cash funds and credit funds for which we are the transfer agent or the administrator of the fund or to perform the two functions, and we are already, for those in particular, by publishing the price flows via Redstone.
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