TL;DR
- Securitize and RedStone have formed a partnership to facilitate the integration of real-world assets (RWAs) into DeFi platforms.
- The global securities market, estimated at $300 trillion, offers great growth potential for the on-chain economy.
- RedStone will provide real-time price data for Securitize’s tokenized assets, improving the transparency and stability of the funds.
Securitize has announced a new strategic partnership with RedStone, a blockchain oracle provider. This collaboration aims to facilitate the integration of real-world assets (RWAs) into DeFi platforms, allowing assets such as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and other tokenized funds to be accessible within the decentralized economy.
The global securities market is estimated to be approximately $300 trillion, a significantly higher figure than the current DeFi market, which hovers around $90 billion. This highlights the immense growth potential of the on-chain economy, especially as more traditional financial institutions seek to tokenize assets and bring them to decentralized platforms.
For these tokenized assets to be useful within DeFi protocols, they require real-time and secure price data, which RedStone provides through its oracle infrastructure. This process ensures that tokenized assets can be effectively utilized within DeFi applications, such as on lending platforms or as collateral in other decentralized services.
Why Did Securitize Choose RedStone?
RedStone has been selected by Securitize to supply price feeds for their tokenized assets, including the calculation of their net asset value (NAV) and daily interest rates. These data, provided through both Push and Pull oracle models, will enhance the transparency and stability of the funds, increasing their attractiveness to investors.
One of the key benefits of this partnership is RedStone’s ability to deliver reliable and accurate data, essential for the adoption of RWAs in the DeFi market. Its modular architecture allows for customizable pricing methods according to the needs of asset providers, making it easier to integrate into different blockchains, whether EVM or non-EVM.
The collaboration between Securitize and RedStone is crucial for the adoption of tokenized assets in the decentralized finance market. Tokenized assets are becoming very popular, especially among institutional investors, and are expected to become an essential part of the on-chain economy
