Redstone, the Oracle provider behind various Real-World asset initiatives, has been expanded to Solana, whereby institutional asset data for Defi builders are unlocked.
The integration brings tokenized funds such as Apollo’s Acrock’s Buidl on Solana’s (SOL) High-Speed network through a partnership with Securitize and Wormgatqueries.
This movement marks a shift from simple assets -tokenization to full composability, so that these RWAs can be used in loan protocols, safes and other Defi applications.
The first application, Drift Institutional, is expected to integrate the feeds of Redstone (Red), making it a scene for broader institutional access to Solana-Native Defi.
“This is a fundamental step to not only make RWAS visible, but also usable in Defi on Solana,” said Redstone co-founder Marcin Kazmierczak, in a note for crypto.news.
Securitize, which cooperates with asset managers, including BlackRock and Apollo, has more than $ 3.6 billion in assets.
His head of Credit and Defi, Reid Simon, called integration a step in the direction of seamless Tradfi-Defi interoperability.
Solana’s role in Defi
Solana’s cheap, high-throughput infrastructure positions it as a logical host for real-world financial products.
With the oracles of Redstone that now feeds safe, certified data from Wormgat queries, developers can start building Defi products that are bound to off-chain assets with stable yields.
The move follows on the earlier RWA integration of Redstone on Polygon with Morpho, where an Akluis supported by Acred went live. The Solana rollout can speed up similar launches and expand the access of institutional agencies to retail users.
The integration is also seen as a case study for how Oracle networks and tokenisation standards can make more than a story-worth-to-value, revenue-driven use cases in Defi become possible.