PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.
RedStone acquires DeFi credit rating platform Credora
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PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.
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