DIA said that it deployed a Proof of Reserves oracle for tokenised GBP (tGBP) on Ethereum. According to the blog, the feed prices tGBP by reserve backing rather than trading activity, with expansion planned to the other five chains where the token is deployed.
The rollout affects issuers, vault curators and lending markets evaluating tGBP as institutional collateral. DIA said Feeders read reserve balances from BCP Technologies’ regulated custodians, sum global tGBP supply across six chains and publish a conservative value that stays at 1.00 when fully backed, or falls if reserves come up short.
The next point to watch is multi-chain deployment and adoption by DeFi collateral venues. DIA framed the feed as a way to make tGBP’s off-chain reserve boundary continuously checkable on-chain, while monthly attestations remain part of the transparency layer for the issuer’s reserve position.
Source: DIA Blog.
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