Key Takeaways
- • RedStone, a blockchain oracle provider, will deliver daily net asset value (NAV) data for Neuberger Berman's HINC tokenized fund across Ethereum, Avalanche, Solana, and Sui using the Trusted Single Source Oracle (TSSO) standard developed jointly with Securitize.
- • HINC is an actively managed fund investing in high-yield corporate bonds, CLO debt tranches, and bank loans—assets with volatile pricing tied to credit spreads and macro sentiment, making reliable onchain NAV feeds critical to fund utility.
- • RedStone has established track record managing NAV oracles for institutional tokenized assets, including BlackRock's BUIDL (which scaled to $1.8B in tokenized supply), BRSRV, VanEck's VBILL, and Apollo's ACRED.
- • The cryptographic signing and timestamping mechanism creates a traceable link from onchain data back to the fund administrator, addressing institutional-grade verification requirements for credit-based tokenized products.
- • This deployment represents infrastructure evolution for tokenized funds—moving beyond proving onchain existence to demonstrating practical utility through real-time, tamper-resistant pricing for actively managed credit strategies.
Summary
RedStone announced on August 18, 2026 that it will provide daily net asset value data for HINC, the Neuberger Securitize High Income Tokenized Fund, across four major blockchains. The oracle provider will push NAV updates simultaneously to Ethereum, Avalanche, Solana, and Sui using the Trusted Single Source Oracle (TSSO) standard—a framework developed jointly by RedStone and Securitize, the tokenization platform that issued the fund.
The technical infrastructure underpinning this deployment reflects institutional-grade requirements for credit-based assets. Each NAV data point is cryptographically signed and timestamped before reaching any blockchain, creating a verifiable audit trail back to the fund administrator. This mechanism is essential for HINC's asset class: the fund actively manages high-yield corporate bonds, CLO debt tranches, and bank loans. Unlike stable-value instruments such as Treasury bills, these holdings experience price volatility driven by credit spreads, default risk, and macroeconomic sentiment. Accurate, tamper-resistant onchain NAV data is therefore both operationally complex and strategically important to the fund's utility as a tokenized product.
RedStone has demonstrated operational competency in this space through previous oracle deployments supporting major institutional tokenized funds. The firm manages NAV feeds for BlackRock's BUIDL and BRSRV, VanEck's VBILL, and Apollo's ACRED. BUIDL's trajectory is instructive: the fund scaled from hundreds of millions to over $1.8 billion in tokenized supply while RedStone's data feeds operated in production. The HINC engagement extends this portfolio into actively managed credit strategies, a category requiring real-time NAV adjustment rather than pegged-value mechanics.
This announcement signals a maturation phase in tokenized fund infrastructure. The sector has spent the preceding two years establishing that tokenized funds can function onchain; the emerging challenge is proving they can deliver utility onchain. Reliable, verifiable pricing data for complex credit instruments—delivered across multiple blockchain networks simultaneously—addresses a fundamental requirement for institutional adoption of tokenized credit products.
The technical infrastructure underpinning this deployment reflects institutional-grade requirements for credit-based assets. Each NAV data point is cryptographically signed and timestamped before reaching any blockchain, creating a verifiable audit trail back to the fund administrator. This mechanism is essential for HINC's asset class: the fund actively manages high-yield corporate bonds, CLO debt tranches, and bank loans. Unlike stable-value instruments such as Treasury bills, these holdings experience price volatility driven by credit spreads, default risk, and macroeconomic sentiment. Accurate, tamper-resistant onchain NAV data is therefore both operationally complex and strategically important to the fund's utility as a tokenized product.
RedStone has demonstrated operational competency in this space through previous oracle deployments supporting major institutional tokenized funds. The firm manages NAV feeds for BlackRock's BUIDL and BRSRV, VanEck's VBILL, and Apollo's ACRED. BUIDL's trajectory is instructive: the fund scaled from hundreds of millions to over $1.8 billion in tokenized supply while RedStone's data feeds operated in production. The HINC engagement extends this portfolio into actively managed credit strategies, a category requiring real-time NAV adjustment rather than pegged-value mechanics.
This announcement signals a maturation phase in tokenized fund infrastructure. The sector has spent the preceding two years establishing that tokenized funds can function onchain; the emerging challenge is proving they can deliver utility onchain. Reliable, verifiable pricing data for complex credit instruments—delivered across multiple blockchain networks simultaneously—addresses a fundamental requirement for institutional adoption of tokenized credit products.
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