RedStone, a prominent oracle provider that secures over $6 billion in onchain value across 110 blockchains, announced Tuesday it has acquired Security Token Market (STM.co), along with its TokenizeThis conference, to expand its US and institutional presence.
RedStone co-founder Marcin Kaźmierczak said in a statement that the acquisition of STM could help them meet the growing demands of the onchain economy. It combines STM’s real-world asset (RWA) data and industry presence with RedStone’s oracle infrastructure to support crypto and institutional markets.
STM, founded in 2018, hosts the largest global database of tokenized RWAs, monitoring more than 800 onchain equities, properties, debt instruments, and funds with a combined market capitalization of more than $60 billion.
TokenizeThis, STM’s flagship annual conference on RWA tokenization, brings together banks, asset managers, regulators, issuers, and blockchain leaders to explore tokenized equities, debt, real estate, and private credit across TradFi and DeFi.
Under the deal, Herwig Konings becomes RedStone’s Advisor and Head of TokenizeThis, and Jason Barraza will oversee business development to grow relationships with asset managers, banks, and tokenization platforms.
Source: https://cryptobriefing.com/redstone-acquires-security-token-market-tokenized-asset-adoption/
