Crypto: Redstone Acquires Security Token Market, Tokenizethis Conference

The deal adds a long-running dataset on tokenized real-world assets to RedStone’s oracle business as RWA activity spans public blockchains and institutional networks.

Blockchain oracle provider RedStone has acquired Security Token Market (STM) and its TokenizeThis conference, adding a large dataset on tokenized real-world assets to its existing oracle business.

According to an announcement, the acquisition brings STM’s historical data, covering more than 800 tokenized products across equities, real estate, debt and fund structures, under RedStone’s ownership, along with control of the TokenizeThis conference brand.

STM founder Herwig Konings will join RedStone as an adviser and head of TokenizeThis, while STM chief operating officer Jason Barraza will take on an institutional business development role focused on asset managers, banks and tokenization platforms.

RedStone operates a modular oracle network that supplies price and reference data to decentralized applications, enabling smart contracts to access offchain information. Its data feeds support pricing, collateral valuation and risk management for onchain financial products.

The company reports securing more than $6 billion in onchain value and provides data feeds used by protocols and issuers including Securitize, Ethena, Morpho, Compound, Drift and ether.fi.

TokenizeThis will continue operating as a standalone conference focused on tokenized securities and RWAs, with RedStone assuming ownership of the event. The conference has historically convened banks, asset managers, issuers, blockchain networks and infrastructure providers.

Marcin Kazmierczak, co-founder of RedStone, told Cointelegraph:

Related: RedStone unveils DeFi risk ratings weeks after $20B crypto market wipeout

The acquisition comes as tokenized real-world assets (RWAs), traditional assets represented on blockchains, have become a prominent theme across the crypto industry.

Source: CoinTelegraph