HYBOND, the first tokenized BNY bond fund, has integrated RedStone’s NAV oracle on @BNB Chain .
RedStone's oracle pulls HYBOND’s underlying fund’s disclosed NAV from BNY, independently authenticates the source, and publishes signed updates on-chain.
This gives protocols trusted, verifiable pricing data to integrate HYBOND into lending and borrowing markets, risk-tranching protocols, and other DeFi applications, expanding how professionally managed bond exposure can be used on-chain.
Verified valuation is one part of that infrastructure. Settlement is next: a planned integration with RedStone's Settle will support T+0 settlement of HYBOND liquidations and redemptions.
Read the full announcement: https://openeden.com/news/openeden-redstone-hybond-nav-oracle-bnb-chain/
RedStone's oracle pulls HYBOND’s underlying fund’s disclosed NAV from BNY, independently authenticates the source, and publishes signed updates on-chain.
This gives protocols trusted, verifiable pricing data to integrate HYBOND into lending and borrowing markets, risk-tranching protocols, and other DeFi applications, expanding how professionally managed bond exposure can be used on-chain.
Verified valuation is one part of that infrastructure. Settlement is next: a planned integration with RedStone's Settle will support T+0 settlement of HYBOND liquidations and redemptions.
Read the full announcement: https://openeden.com/news/openeden-redstone-hybond-nav-oracle-bnb-chain/
