RedStone, a leading oracle provider, has launched its price feeds on the Solana blockchain using Wormhole Queries. This integration aims to bolster Solana's DeFi ecosystem by providing fast, reliable data for both traditional and crypto assets, according to Wormhole.
The collaboration bridges traditional finance and blockchain, bringing institutional-grade tokenized assets like Apollo's ACRED and Blackrock's BUIDL to Solana. A key focus is on real-world assets (RWAs) through a partnership with Securitize, which facilitates the inclusion of over $20 billion in tokenized funds.
Wormhole Queries provide a robust data source across the blockchain industry, enabling access to Solana account data with the security of the Wormhole Guardian network. Leading Solana protocols like Kamino and Drift are already integrating RedStone's oracle feeds, opening new DeFi possibilities.
With support for over 35 blockchain networks, Wormhole Queries are designed for mission-critical applications requiring verifiable data. Securitize, managing over $3.6 billion in tokenized assets, collaborates with major asset managers like BlackRock and Apollo.
This integration is expected to significantly enhance Solana's appeal to institutional investors and developers, leveraging the network's high throughput and low transaction fees.
This article is based on our author's analysis of materials taken from the following resources: Wormhole.