Blockchain oracle RedStone brings tokenized TradFi assets to Solana in partnership with Securitize

Redstone launches his Blockchain Oracle Providers on Solana in collaboration with Securitize, making entry to tokenized conventional monetary belongings resembling American treasuries and credit score merchandise, the corporate introduced on Wednesday.

The combination, powered by Wormhole Queries, is geared toward providing Solana builders of value feeds for each conventional and crypto activa. Builders can now embrace Actual-World belongings (RWAS), resembling Apollo’s $ acred or blackrock’s $ bouidl, in Dapps.

Redstone-MEDE founder Marcin Kazmierczak mentioned that the event is a elementary shift in how tokenized RWAs are used on Solana.

As a substitute of solely serving as static, tokenized devices, RWAS can now be actively compiled in Defi protocols, which makes sensible use instances doable to bridge conventional monetary merchandise with in-chain techniques.

“This can be a elementary step to not solely make Rwas seen, but in addition usable in Defi on Solana,” mentioned Kazmierczak in an announcement. “It is not nearly tokenization – it is about composability and unlocking use instances that merge conventional and unchain financing.”

Securitize, who cooperates with massive asset managers, together with Apollo, BlackRock and Vaneck, has chosen Redstone because the Oracle supplier for his tokenized merchandise. The corporate mentioned it has collected greater than $ 3.6 billion in Tokenized belongings.

“We see the partitions coming down between Tradefi and Defi,” mentioned Securitize’s head Krediet and Defi, Reid Simon. “The next evolution is about giving worldwide establishments the instruments to deal with chains seamlessly.”

Redstone’s collaboration with Securitize, introduced in March, helps enhance the usability of the tokenized funds of Securitize on Defi -platforms.

Redstone provides priceFeeds for these belongings, making their integration into cash market exchanges and collateral-deficiency platforms doable, with cross-chain choices on networks resembling Ethereum, Avalanche and Polygon.

Earlier this month, Redstone’s $ ACRED feed was efficiently utilized in a Morpho secure on Polygon, one of many first dwell Defi -Vluizen that integrates a big RWA. The Solana extension can allow comparable merchandise to succeed in a wider viewers, from retail to institutional customers.