Blockchain oracle provider RedStone has acquired Security Token Market (STM) and its TokenizeThis conference. This acquisition integrates a substantial dataset of tokenized real-world assets into RedStone's existing oracle services.
The acquisition includes STM’s historical data, which encompasses over 800 tokenized products across various asset classes such as equities, real estate, debt, and fund structures. RedStone will also gain control of the TokenizeThis conference brand.
Herwig Konings, founder of STM, will join RedStone as an adviser and will lead the TokenizeThis conference. Jason Barraza, STM's chief operating officer, will move into an institutional business development role, focusing on asset managers, banks, and tokenization platforms.
RedStone operates a modular oracle network that delivers price and reference data to decentralized applications. This enables smart contracts to access offchain information, supporting critical functions like pricing, collateral valuation, and risk management for onchain financial products.
The company reports managing over $6 billion in onchain value and provides data feeds utilized by prominent protocols and issuers, including Securitize, Ethena, Morpho, Compound, Drift, and ether.fi.
The TokenizeThis conference will continue to operate independently, focusing on tokenized securities and real-world assets (RWAs). RedStone's ownership of the event signifies its commitment to this sector. The conference has historically brought together key players in the financial and blockchain industries, including banks, asset managers, issuers, blockchain networks, and infrastructure providers.
Marcin Kazmierczak, co-founder of RedStone, commented on the strategic importance of the acquisition:
Institutions have struggled finding trustworthy, comprehensive datasets on tokenized RWAs. STM’s 7-year tracking of 800+ products gives us that unified view of the $60B+ market. Importantly, it also gives us the historical advantage of the data sets we acquire.
Tokenized Real-World Assets Across Public and Permissioned Networks
This acquisition occurs at a time when tokenized real-world assets (RWAs) – traditional assets represented on blockchains – have become a significant focus within the crypto industry.
According to data from RWA.xyz, Ethereum hosts the largest portion of tokenized real-world assets issued on public blockchains, with a value of approximately $13 billion at the time of reporting. This represents about 60% of all RWA issuance on public blockchains.
However, a significant amount of institutional tokenization activity takes place off public blockchains. The Canton Network has emerged as a primary venue for tokenized, regulated assets issued by major financial institutions.
In January, Temple Digital Group launched a private institutional trading platform on the Canton Network. This platform facilitates 24/7 trading of digital assets through a central limit order book and a non-custodial market structure.
The Depository Trust & Clearing Corporation (DTCC) is planning to bring a subset of U.S. Treasury securities onchain via the Canton Network. In 2024, DTCC reported that its subsidiaries processed $3.7 quadrillion in securities transactions.
The native token of Canton, CC, has experienced a notable increase in value in recent weeks. Data from CoinGecko indicates that the token has risen over 20% in the past 30 days and approximately 18% in the last 24 hours.
