
0xTodd|Mar 13, 2025 13:56
Securitize recently announced RedStone as their designated oracle.
Many people have only heard of Securitize, but do not know that it is actually an invisible agent of traditional finance within Crypto.
You can see from the board of directors of Securitize that executives from BlackRock and Morgan Stanley are also members of Securitize's board of directors.
Like the previously announced BUIDL fund of BlackRock and a fund of Apollo, both are tokenized funds issued on Securitize.
Traditional finance still prefers their comfortable approach, such as supporting brokers like Securitize, trustworthy individuals, and regulated ways of doing things, before they are willing to extend their tentacles into the crypto world.
In the past, when chatting with people from traditional backgrounds about oracle machines, their first reaction was often that this TM is actually a business 😅?
But with a little explanation, they can instantly understand why oracle machines are so important for blockchain 🧐。
A data from a oracle can theoretically determine whether billions of assets are liquidated or on the brink of liquidation. This power of life and death, even if the oracle will never actively exercise it, is already very intimidating just by being there.
For institutions like BlackRock, they disdain small businesses, so only RWA is enough for them to give a try. For example, BUIDL Fund, the surface layer is a token, and the bottom layer is the dollar+treasury bond+repurchase agreement. In fact, it brings the traditional Yield to the encryption.
At the moment these massive RWA assets were listed on the blockchain, they also began to require the support of a oracle to provide them with real-time pricing.
So RedStone's oracle service, which can secure an important ecological niche on these RWA assets, seems to have put a lot of effort into the traditional circle.
Black rock creates assets, while red rock feeds prices.
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