The transaction adds a long-standing dataset of tokenised real-world assets to RedStone’s Oracle business. This fact is because RWA activity happens on both public blockchains and institutional networks.
RedStone, a blockchain oracle service, has bought Security Token Market (STM) and its TokenizeThis conference. This adds a lot of data about tokenised real-world assets to its existing oracle company.
An announcement says that the purchase grants RedStone ownership of STM’s historical data, which includes more than 800 tokenised products in equities, real estate, debt, and fund structures. It also gives RedStone control over the TokenizeThis conference brand.
Herwig Konings, who started STM, will work for RedStone as an adviser and head of TokenizeThis. Jason Barraza, who is the chief operating officer at STM, will work on business development for banks, asset managers, and tokenisation platforms.
Strengthening data infrastructure for tokenised assets
RedStone is a modular Oracle network that gives decentralised application prices and reference data. This allows smart contracts to access information from outside the blockchain, and its data feeds assist with pricing and collateral management.ateral value, and risk management for financial products that are on the blockchain.
The company says it has secured more than $6 billion in on-chain value and provides data feeds that protocols and issuers like Securitise, Ethena, Morpho, Compound, Drift, and ether.fi use.
RedStone will take over TokenizeThis, which will continue to be a separate conference focused on tokenised securities and RWAs. In the past, the conference has brought together banks, asset managers, issuers, blockchain networks, and infrastructure suppliers.
Public chains and institutional networks converge
Tokenised real-world assets (RWAs), which are traditional assets represented on blockchains, have become a big deal in the crypto world.
RWA.xyz says that Ethereum has the most tokenised real-world assets on public blockchains, with a value of $13 billion at the time of writing. This is nearly 60% of all public-blockchain RWA issuance.
But most of the time, institutional tokenisation happens outside of public blockchains. The Canton Network is becoming a crucial site for major financial institutions to issue tokenised, regulated assets.
Temple Digital Group started a private institutional trading platform on the Canton Network in January. This lets people trade digital assets 24 hours a day, 7 days a week, using a central limit order book and a market structure that doesn’t hold assets.
Canton will help the Depository Trust & Clearing Corporation bring some US Treasury securities on-chain. According to DTCC, its companies handled $3.7 quadrillion in securities transactions in 2024.
The price of Canton’s native token, CC, has gone up in the last few weeks. CoinGecko says that the token has gone up more than 20% in the past 30 days and almost 18% in the last 24 hours.