RWA Tokenization News: RedStone Brings Canton's $6T Onchain Assets Closer to DeFi
RedStone integrated with the Canton Network to provide essential data feeds for its $6 trillion tokenized real-world asset ecosystem.Summary
Blockchain oracle provider RedStone has integrated with the Canton Network to serve as the primary data feed infrastructure for Canton's tokenized real-world asset (RWA) ecosystem. Canton, which hosts over $6 trillion in tokenized assets like U.S. Treasury repos and syndicated loans, caters to institutions needing programmable smart contracts while adhering to privacy and compliance constraints that prevent operation in public DeFi. RedStone's integration, which includes becoming a member of the Canton Foundation, delivers gas-efficient, customizable data feeds tailored for enterprise use cases and permissioned workflows. This partnership is crucial for bridging traditional asset management with on-chain liquidity tools, as RedStone's price feeds enable leveraged credit strategies and accurate on-chain valuations for regulated DeFi. The collaboration also supports tokenized funds like Apollo's ACRED, allowing holders to mint tokens and deploy them into protocols on other major networks.
(Source：CoinDesk)