RedStone acquires Security Token Market and TokeniseThis

Grafa
RedStone acquires Security Token Market and TokeniseThis
RedStone acquires Security Token Market and TokeniseThis
Bloomberg
Written by Bloomberg
Share

Blockchain oracle provider RedStone has acquired Security Token Market and its TokeniseThis conference, expanding its real-world asset data capabilities.

The deal adds historical data covering more than 800 tokenised products across equities, real estate, debt and fund structures to RedStone’s oracle business.

STM founder Herwig Konings will join RedStone as an adviser and head of TokeniseThis following the acquisition.

STM chief operating officer Jason Barraza will take on an institutional business development role focused on asset managers, banks and tokenisation platforms.

RedStone supplies price and reference data to decentralised applications, supporting onchain pricing, collateral valuation and risk management.

The company said its data feeds secure more than $6 billion in onchain value and are used by multiple tokenisation and DeFi platforms.

TokeniseThis will continue operating as a standalone conference focused on tokenised securities and real-world assets.

“Institutions have struggled finding trustworthy, comprehensive datasets on tokenised RWAs,”

Marcin Kazmierczak said, adding that STM’s long-term tracking provides a unified view of the market.

The acquisition comes as tokenised real-world assets expand across both public blockchains and permissioned institutional networks.

At the time of reporting, Ethereum price was $2,923.12.

Connect with us

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.