RedStone Launches Blockchain Oracle Services on Solana in Partnership with Securitize
RedStone has announced the launch of its blockchain oracle services on Solana in collaboration with Securitize. This partnership will enable access to tokenized traditional financial assets such as US Treasuries and credit products, opening up new possibilities for Solana developers.
Integration with Wormhole Queries
The integration of RedStone’s oracle services on Solana is powered by Wormhole Queries, providing developers with price feeds for both traditional and crypto assets. This allows for the incorporation of real-world assets (RWAs) like Apollo’s $ACRED and BlackRock’s $BUIDL into decentralized applications (dApps).
Co-founder of RedStone, Marcin Kazmierczak, emphasized that this development marks a significant shift in how tokenized RWAs are utilized on Solana. RWAs can now be actively composed within DeFi protocols, creating practical use cases that merge traditional financial products with on-chain systems.
Partnership with Securitize
Securitize, known for its partnerships with major asset managers such as Apollo, BlackRock, and VanEck, has selected RedStone as the oracle provider for its tokenized products. With over $3.6 billion in tokenized assets under management, Securitize aims to facilitate seamless transactions across chains for global institutions.
Reid Simon, Head of Credit and DeFi at Securitize, stated, “We’re witnessing the convergence of TradFi and DeFi. The next phase is about empowering institutions to transact seamlessly across different blockchain networks.”
Enhancing Usability of Tokenized Funds
The collaboration between RedStone and Securitize enhances the usability of tokenized funds across DeFi platforms. RedStone provides price feeds for these assets, enabling their integration into money market exchanges and collateralized DeFi platforms with cross-chain capabilities on networks like Ethereum, Avalanche, and Polygon.
Recently, RedStone’s $ACRED feed was integrated into a Morpho vault on Polygon, showcasing one of the first live DeFi vaults to incorporate a major RWA. The expansion to Solana is expected to broaden the reach of similar products, appealing to a wider audience ranging from retail users to institutional investors.