Digital security enabler Securitize has announced that it will utilize Redstone as its blockchain oracle to support tokenized assets on DeFi ecosystems.
Securitize is one of the leading, regulated tokenization platforms in the world. The company works with big institutions including Apollo, BlackRock, Hamilton Lane, and KKR. As the transition to digital assets proceeds, Securitize aims to facilitate real world asset tokenization.
The partnership with Redstone will allow price feeds of Securitize’s current and future tokenized products to boost liquidity.
Redstone is Securitize’s first Oracle provider.
Securitize notes that digitized RWAs are currently valued at around $17 billion but are growing rapidly. The company states that RedStone delivers high-quality, secure data feeds across EVM and non-EVM chains. The global securities market stands at around $225 trillion so there is ample opportunity for the platform.
Carlos Domingo, Co-founder and CEO of Securitize, says the future of tokenized securities is the ability to thrive on permissionless blockchains like Ethereum.
“Our partnership with RedStone allows us to not only transact with tokenized securities on-chain, but also integrate them into existing DeFi infrastructure and develop entirely new DeFi primitives, marrying traditional finance giants and crypto native applications.”
Marcin Kazimierczak, co-founder and COO of RedStone, shared that it took months for Securitize to select its company. He said their unique modular infrastructure helped to give them an edge.
