HYBOND tokenized bond fund integrates RedStone's NAV oracle on BNB Chain to enable real-time pricing for DeFi lending and derivatives applications.
Tech & Launches ·
HYBOND, a tokenized bond fund tied to BNY's professionally managed assets, has deployed RedStone's NAV oracle on BNB Chain to deliver real-time pricing on-chain. The oracle retrieves the fund's net asset value directly from BNY Global, independently verifies the data source, and publishes cryptographically signed updates to the blockchain, enabling protocols to access authenticated pricing information.
The integration opens HYBOND to use across DeFi lending markets, borrowing platforms, and risk-tranching protocols—use cases previously constrained by the lack of trusted, on-chain valuation feeds. By anchoring tokenized bond exposure to verified, real-time NAV data, the setup addresses a core infrastructure gap for institutional-grade assets in decentralized finance.
A follow-up phase remains planned: integration with RedStone's Settle product is intended to enable same-day settlement of HYBOND redemptions and liquidations, moving settlement cycles from traditional T+2 or T+1 timelines. The scope and timing of that deployment have not been specified.