Armanino’s TrustExplorer Becomes Data Provider on the Chainlink Network to Provide TrustToken Data on Chain

TrustExplorer Platform Brings Unparalleled Trust to DeFi Protocols Through Chainlink’s “Proof of Reserve Reference Contract”

Armanino, one of the 25 largest accounting and business consulting firms in the U.S., announced another landmark move for trust and transparency in digital asset ecosystems. TrustExplorer, the firm’s flagship blockchain-enabled platform, is now capable of providing source of truth data to the Chainlink Oracle Network, enabling decentralized finance (DeFi) protocols and other decentralized applications (dApps) to ingest valuable off-chain data. In this industry-first exemplar, TrustToken’s TrueUSD collateral reserve data will be served on chain. The collateral reserve data is specifically composed of the aggregate balance of TrustToken’s trust accounts collateralizing its USD stablecoin and total number of TrueUSD tokens outstanding, in each case as of a specific time. This data is served on chain in an automated way to make trust and transparency-enabling data visible to smart contracts.

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Today’s announcement represents a collaboration between Armanino, whose Real Time Attest module within TrustExplorer leads the global market with the world’s first application of real-time attestation; TrustToken, the world’s first compliant, 1:1 dollar-backed stablecoin and an Armanino attest client; and Chainlink, the world’s largest decentralized oracle network for blockchains.

“In a continuation of our work in building methods and tools to enable trust and transparency for digital assets, we are working with TrustToken and Chainlink to provide valuable off-chain data, in an automated and real-time feed so that dApps can make automated and instant decisions,” said Noah Buxton, head of Armanino’s Digital Assets practice. “The future of finance and capital markets is on chain, but not without trustworthy oracles, oracle networks and valuable off-chain data. Chainlink’s Proof of Reserve Reference Contract represents a promising and emerging standard for transparency in on-chain trust.”

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TrustExplorer’s capacity to act as an oracle to the Chainlink Network gives Armanino’s digital asset clients the optionality to seamlessly provide off-chain and siloed data for use on chain in DeFi and other decentralized applications, further strengthening TrustExplorer’s mission to bring world-class trust and transparency to the digital asset ecosystem.

“Our ability to provide unprecedented transparency continues to grow with TrustExplorer,” continued Buxton. “While users always have access to our live dashboards, and on-demand attest reports, Chainlink provides the first of what we hope to be many different ways for users to access data in flexible ways that meet their needs directly on chain.”

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