RedStone is launching its blockchain oracle providers on Solana in partnership with Securitize, enabling entry to tokenized conventional monetary property like US Treasuries and credit score merchandise, the corporate introduced on Wednesday.
The combination, powered by Wormhole Queries, is geared toward offering Solana builders with value feeds for each conventional and crypto property. Builders can now incorporate real-world property (RWAs), equivalent to Apollo’s $ACRED or BlackRock’s $BUIDL, into dApps.
Discussing the launch, RedStone co-founder Marcin Kazmierczak mentioned the event represents a foundational shift in how tokenized RWAs are utilized on Solana.
Relatively than serving solely as static, tokenized devices, RWAs can now be actively composed inside DeFi protocols, enabling sensible use circumstances that bridge conventional monetary merchandise with on-chain methods.
“This can be a foundational step in making RWAs not simply seen however usable in DeFi on Solana,” mentioned Kazmierczak in an announcement. “It’s now not nearly tokenization — it’s about composability and unlocking use circumstances that merge conventional and onchain finance.”
Securitize, which companions with main asset managers together with Apollo, BlackRock, and VanEck, has chosen RedStone because the oracle supplier for its tokenized merchandise. The corporate mentioned it has collected over $3.6 billion in tokenized property underneath administration.
“We’re seeing the partitions come down between TradFi and DeFi,” mentioned Securitize’s Head of Credit score and DeFi, Reid Simon. “The subsequent evolution is about giving international establishments the instruments to transact seamlessly throughout chains.”
RedStone’s collaboration with Securitize, introduced in March, helps improve the usability of Securitize’s tokenized funds throughout DeFi platforms.
RedStone delivers value feeds for these property, enabling their integration into cash market exchanges and collateralized DeFi platforms, with cross-chain capabilities on networks equivalent to Ethereum, Avalanche, and Polygon.
Earlier this month, RedStone’s $ACRED feed was efficiently deployed in a Morpho vault on Polygon, one of many first dwell DeFi vaults to combine a serious RWA. The Solana growth may allow related merchandise to succeed in a wider viewers, from retail to institutional customers.
