The real-world asset (RWA) tokenization company Securitize was selected by Redstone as the main Oracle provider for its tokenized products, which includes the USD’s USD Institutional Digital Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED).
According to a March 12 announcement, Redstone will deliver price feeds for current and future tokenized products offered by Securitize. As a defi-focus Oracle provider, redstone can expand cases of Buidl and Acred use cases in market currency exchanges and collateralized defi platforms, Securitize said.
Redstone provides crosschain data feeds for decentralized financial protocols in Ethereum, Avalanche and Polygon. According to Defillama data, it gained $ 4.3 billion in the total amount that was secured to all clients.
The total amount of redstone that is secure on March 11. Source: Delete
In July, Redstone raised $ 15 million in a Series of a funding of funding Led by Arrington Capital, with further participation from Spartan, iOSG ventures, HTX ventures and more.
Securitize the selected redstone as its Oracle provider due to “modular design,” which means it “can be measured in thousands of chains and support new implementations in a few days,” Redstone Chief Operating Officer Marcin Kazmierczak said in cointelegraph in a written statement.
By using Redstone Oracle price feeds, securitize funds “can now be used in defi protocols such as Morpho, compound or spark,” he said.
Institutional interest in tokenized assets to increase
Securitize co-founder and CEO Carlos Domingo told Cointelegraph to be requested for Tokenized funds is growing in a “diverse set of investors and users” that cover traditional finances and crypto-native companies.
“Institution investors, private equity companies, and credit managers are returning to tokenization to enhance efficiency, reduce operational friction, and improve liquidity for private markets,” he said.
On the crypto-native side, companies “look at tokenized RWAs as a safe and efficient way to manage Treasury reserves while benefiting from stable produce,” Domingo said.
To date, the tokenization of private credit and US Treasury Bonds has seen the largest uprising, according to industry data. The total market for Onchain Rwas approaches $ 18 billion, grown by 16.8% over the past 30 days, according to RWA.xyz.
At $ 12.1 billion, private credit accounts for 68% of the tokenized RWA market. Source: Rwa.xyz
Separate data from Security Token Market has shown that More than $ 50 billion worth of possessions was tokenized by the end of 2024, with the majority of real estate.
The tokenization market is attracting significant players In recent years, on the preferences of Ondo Finance, tradable and brickken entering the fray.
Related: The TRUMP TIME POLICIES CAN FULE TO TOKENIZED REAL-WORLD ASSETS SURGE
