BlackRock's BUIDL Fund Enhances Transparency with Chronicle Integration

BlackRock's BUIDL fund, valued at approximately $1.7 billion and comprising Treasuries, overnight repurchase agreements, and cash, has integrated Chronicle as a new verification layer. According to NS3.AI, Chronicle's Proof of Asset system will offer independently verified data on the valuation, composition, custody, and existence of the assets backing the fund. This development aims to enhance transparency in fund data as the infrastructure for tokenized finance continues to grow.