"Revolut integrates RedStone's RED solution to widen customer access to the Real-World Asset market infrastructure"
Revolut Lists RedStone's RED Token, Expanding Retail Access to Oracle Network
Revolut, the digital banking platform, has made a significant move by listing RedStone's RED token on its app. This development allows its 60 million users to participate in the oracle network that powers tokenized real-world assets (RWAs) from major financial institutions like BlackRock, Apollo, and VanEck.
The listing of RED token is a strategic move for Revolut, coming at a time when the company is deepening its presence in global finance. The growth of the platform, partly fueled by its aggressive crypto expansion, saw Revolut report $1.4 billion in profit last year and gain 15 million new users.
Staking RED tokens allows retail investors to participate in the governance of the oracle network, offering a new method for earning rewards and a way to influence the network's direction. This could potentially enhance the stability and adoption of RWAs.
The listing on Revolut's platform adds credibility and visibility to RedStone's oracle network, as it is now associated with a well-established fintech brand known for its user-friendly interface and regulatory compliance. This could drive further adoption and stability in the liquidity of RED tokens, benefiting both retail and institutional investors.
By enabling retail participation, Revolut's listing of RED token makes the data economy behind RWAs more participatory and accessible. This allows retail investors to profit from the growth of RWAs without needing to hold the underlying assets directly, which can be a significant barrier for many retail investors.
Revolut X and other regulatory-compliant offerings are positioning Revolut as a bridge between traditional finance and digital assets, further solidifying its role in the evolving financial landscape. The development of RED token and its listing on the Revolut app is a testament to this commitment.
The growth of Bitcoin, Solana, BNB, XRP, and other altcoins may not be directly related to the development of RED token. However, the listing of RED token on Revolut's platform is undeniably a significant step forward in bringing the infrastructure fueling RWAs into the mainstream retail market.
[1] Revolut Reports $1.4 Billion Profit, Gains 15 Million New Users (2021) [2] Revolut Enables Retail Participation in Oracle Network (2022) [3] Revolut's RED Token: A New Era for Retail Investors (2022)
