Oracles and data feeds
Connecting assets data to the blockchain rails
With ERC-3643 smart contracts, the token serves as a golden source of data, offering a robust and flexible framework for data management. This data can be sourced directly from the issuer of the token or their authorized agents, ensuring accuracy and reliability. Indeed, Issuers have the option to enrich their tokens with data either at the token level directly (the "AssetID")or at the software level, providing them with the flexibility to choose where and how they share this information.
All ERC-3643 tokens are deployed with an onchain identity called "AssetID". Similarly to onchain identities of investors, they enable authorized third-parties to sign and certify information in the identity.
The types of data that can be added to the token are diverse and can include:
- NAV (Net Asset Value): This represents the valuation of the underlying asset, providing investors with real-time information about the asset's worth. This data usually comes from the Valuation agent of the token Issuer. Depending on the financial instrument, the NAV can be calculated daily, quarterly or annually.
- ESG Certifications: These certifications indicate the environmental, social, and governance performance of the asset, appealing to investors with sustainability and ethical considerations.
- Ratings by Agencies: Ratings from reputable agencies can be included to provide an independent assessment of the asset's quality and risk profile.
Issuers and their agents have the flexibility to decide whether this data is shared publicly or kept private. Additionally, they can determine who has the authority to sign, or certify, this data, ensuring that only trusted parties can validate the information. This level of control enhances the security and integrity of the data associated with the tokenized assets.
By incorporating these data feeds and offering flexible data management options, the token becomes a comprehensive and dynamic representation of the asset. This feature not only enhances the compliance and transparency of the tokenized assets but also opens up new opportunities for innovation and investment in the DeFi space.
Our operating system also has the ability to integrate with crypto oracles such as Chainlink data streams. This integration allows the underlying asset data to be seamlessly distributed across the decentralized finance (DeFi) ecosystem. This ensures that the data is widely accessible, enhancing the utility and transparency of the tokenized assets.
Updated 3 months ago