RedStone has announced the acquisition of STM.co (Security Token Market) and the TokenizeThisConference.
The company states the purchase will help them boost growth in the US.
Details of the acquisition were not made available.
STM.co is a data, media, and research platform for tokenized real-world assets (RWAs). It also operates the TokenizeThis conference.
RedStone notes that it currently secures over $6 billion in asset value onchain. STM’s RWA market intelligence and research will complement RedStone’s enterprise-grade oracle and ratings solutions.
Herwig Konings, Founder and CEO of STM.co, will join RedStone as Advisor and Head of TokenizeThis.
Jason Barraza, COO of STM.co, will join RedStone as Institutional Business Development Lead.
Marcin Kaźmierczak, Co-Founder of RedStone, said the new onchain economy requires trustworthy data, reliable risk ratings, and infrastructure capable of serving both crypto-native and institutional markets.
“STM has been the leading voice and data engine behind real world asset tokenization for years, and integrating their expertise and industry presence with RedStone’s oracle technology will offer the comprehensive platform that space requires. We’re excited to welcome Herwig, Jason, and the entire STM brand into RedStone as we scale our U.S. and institutional footprint.”
Konings described RedStone as the perfect home to accelerate that vision.