Blockchain oracle provider RedStone has executed a strategic acquisition of Security Token Market (STM) and its associated TokenizeThis conference, a move that consolidates its position in the rapidly growing real-world asset (RWA) tokenization sector. The deal, announced on March 21, 2025, grants RedStone ownership of STM's extensive historical dataset covering more than 800 tokenized products across equities, real estate, debt, and fund structures.
The acquisition brings under RedStone's control a proprietary data repository valued for its seven-year tracking history of the tokenized RWA market, which is estimated to be worth over $60 billion. This dataset is considered crucial for pricing, collateral valuation, and risk management of on-chain financial products. RedStone, which already secures more than $6 billion in on-chain value and provides data feeds to protocols like Securitize, Ethena, Morpho, Compound, Drift, and ether.fi, significantly expands its offerings.
As part of the transaction, STM founder Herwig Konings will join RedStone as an adviser and head of the TokenizeThis conference, while STM chief operating officer Jason Barraza will take on an institutional business development role focused on asset managers, banks, and tokenization platforms. The TokenizeThis conference will continue operating as a standalone event focused on tokenized securities and RWAs.
Marcin Kazmierczak, co-founder of RedStone, emphasized the strategic value, stating: "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."
The acquisition occurs against the backdrop of surging institutional interest in RWA tokenization. While Ethereum hosts the largest share of tokenized RWAs on public blockchains with about $13 billion in value (roughly 60% of public-chain issuance), most institutional activity is happening on permissioned networks like the Canton Network. The Depository Trust & Clearing Corporation (DTCC) plans to bring a subset of U.S. Treasury securities on-chain through Canton, a network whose subsidiaries processed $3.7 quadrillion in securities transactions in 2024.
Analysts view the move as a powerful vertical integration that positions RedStone as an essential middleware provider. The company now combines its modular oracle network—which supplies price and reference data to decentralized applications—with STM's specialized analytics on tokenized securities. This creates a comprehensive data powerhouse capable of offering verified, granular data on asset performance, compliance status, and liquidity, which is a game-changer for developers and institutions.
The deal also intensifies competition in the oracle sector, applying pressure on providers like Chainlink and Pyth Network by giving RedStone a defensible moat in the high-growth RWA segment through deep vertical integration and niche data expertise. The integration of STM's data into RedStone's existing oracle streams and developer tools is expected to lead to new API products and premium data feeds tailored for institutional clients building tokenization platforms and secondary markets.
