Ah, behold the grand spectacle of Securitize, a company of great ambition, now entwined with the illustrious RedStone! This oracle provider, chosen as if by divine decree, shall bestow upon Securitize the mystical price feeds for their tokenized treasures, including the famed BUIDL and the Apollo Diversified Credit Securitize Fund (ACRED). 🎭
In a proclamation worthy of the stage, it was announced on this fine day, March 12, that RedStone shall deliver its enchanted feeds for both current and future tokenized wonders. As a DeFi oracle, it promises to elevate BUIDL and ACRED to the lofty heights of money market exchanges and collateralized DeFi platforms. What a jest! 🤡
RedStone, the jester of crosschain data feeds, dances across Ethereum, Avalanche, and Polygon, securing a staggering $4.3 billion in value! A fortune fit for a king, or perhaps just a clever merchant. 💸
In a recent escapade, RedStone raised $15 million in a Series A funding round, led by the noble Arrington Capital, with merry participation from Spartan, IOSG Ventures, and other gallant investors. A fine gathering indeed! 🥳
Why did Securitize choose RedStone, you ask? The answer lies in its “modular design,” a marvel that can scale to thousands of chains faster than a courtier can flatter a noble! Marcin Kazmierczak, the chief oracle himself, declared this to CryptoMoon with great pride. 🏰
With RedStone’s oracle feeds, Securitize’s funds can now frolic across DeFi protocols like Morpho, Compound, and Spark. A veritable carnival of finance! 🎉
Institutional Interest: A Rising Tide of Tokenized Assets
Our dear co-founder and CEO, Carlos Domingo, shared with CryptoMoon that the demand for tokenized funds is swelling like a fine soufflé, appealing to a diverse array of investors from the realms of traditional finance to the crypto-savvy. 🍰
“Institutional investors, private equity firms, and credit managers are flocking to tokenization,” he proclaimed, “to enhance efficiency, reduce operational friction, and improve liquidity for private markets.” A noble quest indeed! ⚔️
On the crypto-native side, companies see tokenized RWAs as a secure and efficient way to manage their treasury reserves while reaping stable yields. A clever ruse! 🧙♂️
Thus far, the tokenization of private credit and US Treasury bonds has garnered the most attention, with the total market for onchain RWAs nearing $18 billion, growing by 16.8% in just 30 days! A most impressive feat! 📈
Separate data from the Security Token Market reveals that over $50 billion worth of assets were tokenized by the end of 2024, with real estate leading the charge. A true gold rush! 🏡
The tokenization market has attracted a host of significant players in recent years, with the likes of Ondo Finance, Tradable, and Brickken joining the fray. What a delightful competition! 🎭
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2025-03-12 16:06