KEY TAKEAWAYS
- RedStone launches its modular oracle infrastructure on Solana, enhancing DeFi with fast and reliable price feeds through Wormhole Queries.
- The integration with Securitize brings institutional-grade tokenized assets to Solana, expanding access to over $20 billion in RWAs.
- Wormhole Queries provide secure, cross-chain data access, enabling Solana developers to integrate price feeds without redeploying infrastructure.
- This collaboration marks a significant step for RWA adoption in Solana’s ecosystem, leveraging high-throughput and low-fee infrastructure.
RedStone has officially launched its modular oracle infrastructure on Solana, utilizing Wormhole Queries to deliver fast and reliable price feeds for both traditional and crypto assets. This expansion focuses on real-world assets (RWAs) through a partnership with Securitize, bringing institutional-grade tokenized assets like Apollo’s ACRED and Blackrock’s BUIDL into Solana’s high-performance DeFi ecosystem.
Powering RWA Adoption with Wormhole Queries
RedStone’s integration with Solana leverages Wormhole Queries to bridge the gap between traditional finance and blockchain technology. This feature provides instant, verified access to cross-chain data, making it a robust and reliable data source within the blockchain industry. Developers can access highly attested Solana account and PDA data on-demand, backed by the security guarantees of the Wormhole Guardian network.
Each query is supported by thirteen independent cryptographic signatures, verifiable on remote chains. This allows developers to securely launch on-chain features using Solana data without needing to redeploy their infrastructure. Consequently, Solana developers can integrate secure, composable price feeds for RWAs without the traditional overhead of on-chain transactions.
The integration also involves leading Solana protocols Kamino and Drift, which are incorporating RedStone’s oracle feeds. This opens new opportunities for DeFi applications involving over $20 billion in tokenized assets that were previously inaccessible to Solana users.
Accelerating RWA Growth on Solana
Wormhole Queries are supported on over 35 chains, designed for mission-critical applications to access low-latency, verifiable data with institutional-grade security assurances. RedStone’s expansion to Solana marks a significant step forward for RWAs in the ecosystem. The combination of Securitize’s $20 billion in tokenized assets, RedStone’s oracle technology, and Wormhole’s cross-chain infrastructure opens new opportunities for institutional adoption.
Securitize, which collaborates with asset managers like BlackRock, Apollo, and VanEck, now manages over $3.6 billion in tokenized assets under management (AUM). With Solana’s high-throughput and low-fee infrastructure, coupled with RedStone’s oracle feeds and Wormhole’s cross-chain capabilities, the stage is set for RWA-powered DeFi to scale effectively across the blockchain space.
For more information on integrating RedStone’s price feeds on Solana, visit the RedStone documentation here.
Why This Matters: Impact, Industry Trends & Expert Insights
RedStone’s launch on Solana, using Wormhole Queries, marks a significant advancement in integrating real-world assets (RWAs) into the blockchain ecosystem. This development enhances the accessibility and reliability of price feeds for both traditional and crypto assets on Solana.
Recent industry reports indicate that the tokenization of real-world assets on blockchain is experiencing accelerated adoption, with the market projected to reach $500 billion by the end of 2025. This aligns with RedStone’s efforts to bring institutional-grade tokenized assets to Solana, enhancing the DeFi ecosystem with over $20 billion in previously inaccessible tokenized assets.
As per insights from Solana Compass, Solana’s high throughput and low transaction costs make it an attractive platform for asset tokenization, driving institutional interest and ecosystem growth. This supports the significance of RedStone’s integration, as it leverages Solana’s technical strengths to facilitate the secure and efficient trading of RWAs.
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