Asset tokenization company Securitize has chosen RedStone as the primary oracle provider for its tokenized products, including BlackRock's BUIDL fund and Apollo's ACRED fund.
A New Phase for Securitize and RedStone
According to the announcement on March 12, RedStone will deliver price feeds for current and future tokenized products offered by Securitize. As a DeFi-focused oracle provider, RedStone is expected to expand the use cases of BUIDL and ACRED into money market exchanges and collateralized DeFi platforms.
Growing Interest in Tokenized Assets
Securitize co-founder and CEO Carlos Domingo stated that there is increasing demand for tokenized funds across a diverse range of investors and users in both traditional finance and crypto-native companies. Institutional investors, private equity firms, and credit managers are turning to tokenization to enhance efficiency, reduce operational friction, and improve liquidity for private markets.
Tokenization Market Outlook
According to industry data, private credit and US Treasury bond tokenization have seen the largest uptake. The total market for on-chain RWAs is approaching $18 billion, having grown by 16.8% over the past 30 days. Separate data shows that more than $50 billion worth of assets were tokenized by the end of 2024.
Tokenization of real-world assets continues to gain traction among investors, with Securitize's collaboration with RedStone highlighting the importance of reliable oracle services for successful asset tokenization.
