RedStone and Securitize Collaborate to Integrate $150m BCAP Token onto ZKsync via Pricing Data
Revamped Take:
Get ready for the merger between RedStone and Securite, transforming the blockchain world by providing the first on-chain price feed for Blockchain Capital's $BCAP token on ZKsync Era.
The $BCAP feed signifies a monumental milestone in the expanding Real-World Asset (RWA) sector, skyrocketing over 500% in the last year and reaching a whopping $20 billion market value, as stated by a company note shared exclusively with us.
One major hurdle that’s prevented tokenized assets from mingling with DeFi has been the lack of secure, real-time price feeds. Enter RedStone, the official oracle provider for Securite, offering efficient, cross-chain price feeds to tackle this issue head-on. The recent BCAP integration on ZKsync echoes the support provided for funds like BlackRock's BUIDL.
In the words of RedStone Co-Founder, Marcin Kazmierczak, this collaboration heralds the future for onchain strategies involving tokenized venture assets and other elite financial products.
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ZKsync and RWAs - A Match Made in Crypto Heaven:
ZKsync, such a generous host to over $2 billion in RWAs, now stands as the runner-up only to Ethereum mainnet in RWA market dominance. Boasting the $BCAP token and its live price feed, DeFi protocols can now happily embrace integration into lending platforms, vaults, and automated yield strategies, amenities that were previously off-limits to institutional assets.
"This is more than a price feed," claimed Omar Azhar of Matter Labs, "It's a beacon signaling the arrival of institutional finance on the blockchain."
Securite CEO, Carlos Domingo, further expounded that the feed empowers BCAP to support DeFi-native yield products with real-time pricing, ensuring it meets the meticulous standards of institutional finance.
With a shared vision to bring regulated assets into the beating heart of decentralized finance, RedStone, Securite, and ZKsync are laying the groundwork for the expansion of institutional finance on the blockchain.
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[1] According to Securite, with its tokenization expertise, and RedStone's multi-chain capabilities, this partnership sets the stage for continued growth and integration of tokenized venture assets and other institutional-grade products into DeFi.
[2] As the official oracle provider for Securite, RedStone offers gas-efficient, multi-chain price feeds that facilitate the integration of tokenized assets into DeFi platforms, enabling lending, collateralization, and yield strategies previously deemed unfeasible for these assets.
[3] By providing real-time pricing for institutional-grade assets, this partnership allows tokenized assets to attain the sophistication and reliability necessary for the entry of large-scale institutional investments.
[4] The integration of $BCAP and similar assets on DeFi platforms signifies a broader shift towards institutional finance embracing blockchain technology, a trend that is expected to gain momentum as more players such as Jump Crypto enter the arena by investing in tokenization platforms like Securite.
- The tie-up between RedStone and Securite is predicted to spur the growth and integration of tokenized venture assets and other institutional-grade products into Decentralized Finance (DeFi), as elucidated by Securite.
- As the official oracle provider for Securite, RedStone offers gas-efficient, multi-chain price feeds that ease the integration of tokenized assets into DeFi platforms, thereby enabling lending, collateralization, and yield strategies previously thought impossible for these assets.
- By equipping tokenized assets with real-time pricing, this partnership allows these assets to attain the maturity and dependability required for large-scale institutional investments to enter the blockchain realm.
- The integration of the $BCAP token and similar assets on DeFi platforms indicates a wider movement towards institutional finance embracing blockchain technology, a trend that is forecasted to gain traction as more entities, including Jump Crypto, invest in tokenization platforms such as Securite.
- The first-of-its-kind on-chain price feed for Blockchain Capital's $BCAP token on ZKsync Era, brought about by the RedStone-Securite collaboration, serves as a testament to the arrival of institutional finance on the blockchain, as claimed by Omar Azhar of Matter Labs.
