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CoinGecko Taps RedStone for BUIDL Fund Price Feeds

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RedStone, a prominent platform offering oracle solutions, has announced its exclusive role in providing price data for the tokenized money market fund BUIDL Fund on CoinGecko, a well-known crypto data aggregator. As per RedStone, the platform will reportedly supply data for the BUIDL Fund of BlackRock on CoinGecko. The platform took to its official X account to provide the details of this exclusive role.

RedStone Joins Forces with CoinGecko to Supply Secure and Accurate Data for BUIDL Fund

In collaboration with CoinGecko, RedStone is supplying data for BUIDL Fund. This endeavor indicates a landmark development to integrate the real-world assets into the cryptocurrency sector. Additionally, it positions the fund among the biggest institutional platform for RWAs on diverse blockchain networks. The BUIDL Fund focuses on offering U.S. dollar exposure to the qualified investors via a blockchain-native structure.

The fund chiefly invests in low-risk and highly liquid assets like U.S. Treasury bills as well as repurchase agreements. The tokenization of these conventional financial instruments enables BUIDL to offer unparalleled on-chain accessibility to benefit institutional investors. Securitize manages the fund’s tokenization.

Securitize is a company renowned for offering compliant securities in the form of digital assets. Apart from that, the price feed delivery by RedStone to CoinGeckos denotes an expansion of its present collaboration with Securitize. This enhances the accessibility and transparency for the investors who track the performance of BUIDL.

Driving Institutional and Retail User Engagement with Tokenized Assets

According to RedStone, its role in the supply of price feeds for BUIDL on CoinGecko highlights its increasing endeavors to boost financial revolution. With the provision of secure and accurate data, RedStone guarantees to cater for the requirements of the retail and institutional investors. Overall, this enhances their confidence in engagement with the world of tokenized assets.

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