The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to verify FRNT’s reserves in near real time. The move deepens a partnership that began with last month’s protocol migration.
FRNT went live in January as the first stable token issued by a U.S. state. U.S. dollars and short-term Treasury securities back it. Income from those reserves is helping diversify Wyoming’s state revenues and support its School Foundation Program, according to The Block.
The accounting firm The Network Firm examines FRNT’s reserves and token supply under standards set by the American Institute of Certified Public Accountants. Chainlink’s Proof of Reserve protocol then publishes that verified reserve data onchain in near real time. The upshot: anyone reading the blockchain can confirm the token’s backing without waiting for the next monthly report.
The Commission already publishes daily reserve attestations for FRNT, Cointelegraph reported. That cadence exceeds the monthly disclosure floor established by the federal GENIUS Act, which requires stablecoin issuers to report reserve composition and outstanding supply on a monthly basis. The onchain layer adds cryptographic, machine-readable proof on top. That narrows the information gap between reporting periods and gives regulators, institutions and market participants greater assurance the token remains fully backed.
“Wyoming has consistently led the nation in advancing responsible digital asset innovation,” Anthony Apollo, executive director of the Wyoming Stable Token Commission, said in a statement. “By adopting Chainlink Proof of Reserve as Wyoming’s exclusive onchain asset verification infrastructure, we’re providing transparent, verifiable confirmation that the Frontier Stable Token is fully backed by high-quality reserve assets. This strengthens trust in FRNT while establishing the highest standard for transparency in public-sector digital assets.”
The Commission is also working to adopt a second Chainlink feature: Proof of Reserve Secure Mint. That mechanism would require verified reserves to equal or exceed FRNT’s total supply before new tokens can be minted. The result is cryptographic assurance that newly issued tokens are backed. It is designed to prevent infinite-mint attacks by making over-issuance impossible as long as the reserve check holds.
Wednesday’s announcement builds on Wyoming’s August decision to migrate FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, following a security review. Cointelegraph describes that migration as having taken place roughly two weeks earlier. About $15 billion in onchain value has moved from LayerZero to CCIP across the broader market, according to The Block. Neither source details what the security review found.
For Chainlink, the Wyoming deal is one of several recent integrations across tokenized finance. The oracle network became the pricing-data provider for Coinbase’s tokenized equities following their August launch on Base, supplying feeds for stocks including Apple, Nvidia, Meta and Alphabet. In May, the Depository Trust and Clearing Corporation said it would integrate Chainlink technology into a planned 24/7 platform for managing tokenized collateral.
Fidelity International separately launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure in May, with JPMorgan providing daily net asset value data for pricing. In June, Chainlink joined European and South Korean banking groups in Project Pangea. That initiative is exploring regulated euro- and won-denominated stablecoins for atomic foreign-exchange settlement between the two regions.
Chainlink’s LINK token has gained more than 34% over the past month. It was trading at around $11.07 on Wednesday, according to CoinGecko data.
