According to Foresight News, CoinDesk reports that Securitize, a tokenized asset issuer, and RedStone, an oracle provider, have released a white paper introducing a new model for securely verifying on-chain net asset value (NAV) data. This model, named the Trusted Single Source Oracle (TSSO), is specifically designed for tokenized private equity funds.
The TSSO model aims to address a significant gap in decentralized finance (DeFi) infrastructure: ensuring that each asset's NAV update originates from a reliable source and remains unaltered once recorded on the blockchain. This development is crucial for maintaining the integrity and trustworthiness of NAV data in the DeFi space.