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Tokenized funds have spent the last two years proving they can exist onchain. The next challenge is proving they can be useful onchain, and that requires reliable, verifiable pricing data. RedStone, the blockchain oracle provider, announced on August 18, 2026 that it will deliver daily net asset value data for HINC, the Neuberger Securitize High Income Tokenized Fund, across four major blockchains.
This is not a minor infrastructure update. HINC is an actively managed fund subadvised by Neuberger Berman, investing in high-yield corporate bonds, CLO debt tranches, and bank loans. Those are not stable, predictable assets. Their prices move with credit spreads, default risk, and macro sentiment, which makes getting an accurate, tamper-resistant NAV onchain both harder and more important than it is for, say, a Treasury bill fund.
How the data actually gets onchain
RedStone is pushing the NAV updates across Ethereum, Avalanche, Solana, and Sui simultaneously. The mechanism relies on a standard called the Trusted Single Source Oracle, or TSSO, developed jointly with Securitize, the tokenization platform that issued HINC.
Each data point is cryptographically signed and timestamped before it hits any chain, creating a traceable link back to the fund administrator.
RedStone has run this playbook before. Its previous NAV oracle work covers BlackRock’s BUIDL and BRSRV, VanEck’s VBILL, and Apollo’s ACRED. BUIDL alone scaled from hundreds of millions to more than $1.8B in tokenized supply while RedStone’s feeds were running in the background. HINC adds a new dimension to that portfolio because its NAV actively fluctuates rather than staying pegged near a fixed value.
Why fluctuating NAV changes everything
Most tokenized funds launched to date have targeted short-duration Treasuries or money-market instruments, where a fund worth roughly $1 per token yesterday is worth roughly $1 per token today, which simplifies accounting, collateral calculations, and redemption logic considerably.
HINC does not work that way. High-yield bonds reprice when credit conditions shift. CLO tranches carry structural complexity. Bank loans have floating rates and covenant nuances. The NAV of a fund holding these assets can move meaningfully in a single trading session, which is exactly why no secondary market pricing exists for it. Without a benchmark price from a liquid exchange, the fund administrator’s daily NAV calculation is the only authoritative figure available.
That creates a vacuum that oracles exist to fill. If HINC shares are ever going to be used as collateral in a DeFi lending protocol, the protocol needs to know what those shares are worth at any given moment. RedStone’s cryptographic signing approach is designed to eliminate that gap.
The bigger picture for tokenized private credit
Securitize’s role as both the fund issuer and the co-developer of the TSSO standard is worth noting. Building the oracle methodology in collaboration with the entity that structures the fund creates alignment between what the data represents and how it gets transmitted.
For Neuberger Berman, distributing an actively managed credit strategy through tokenized form and publishing daily NAV onchain is a concrete demonstration that traditional asset managers can operate natively within blockchain infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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