RedStone delivers onchain NAV data for Neuberger Berman’s HINC tokenized fund
Private Credit
Oracle provider RedStone has announced the integration of daily net asset value (NAV) feeds for the Neuberger Securitize High Income Tokenized Fund (HINC) across Ethereum, Avalanche, Solana, and Sui. Unlike previous tokenized funds focused on stable Treasury instruments, HINC is an actively managed fund investing in high-yield corporate bonds, CLO debt tranches, and bank loans. Because these underlying assets experience frequent price fluctuations, providing accurate, tamper-resistant onchain pricing is essential for potential use as collateral in DeFi lending protocols. The integration utilizes the Trusted Single Source Oracle (TSSO) standard, co-developed by RedStone and the tokenization platform Securitize. Each data point is cryptographically signed and timestamped to ensure a verifiable link to the fund administrator. This development marks a significant shift in the RWA market, moving beyond simple stable-value assets toward complex, actively managed credit strategies. By enabling real-time NAV updates for volatile assets, this infrastructure allows traditional asset managers like Neuberger Berman to operate more natively within decentralized finance ecosystems.
Key points
- ▸RedStone will provide daily NAV data for HINC across Ethereum, Avalanche, Solana, and Sui.
- ▸HINC invests in high-yield corporate bonds, CLO debt tranches, and bank loans.
- ▸The TSSO standard ensures data is cryptographically signed by the fund administrator.
- ▸RedStone previously provided oracle services for BlackRock’s BUIDL and Apollo’s ACRED.
Background
Securitize is a prominent tokenization platform that enables the issuance and management of digital securities on blockchain networks. Neuberger Berman is a global, independent, employee-owned investment manager that provides a broad range of global investment solutions to institutions and individuals. Together, they collaborate to bring traditional financial products, such as high-yield credit funds, onto public blockchains to increase accessibility and operational efficiency.
Relevance
8/10