RedStone Acquires DeFi Credit Rating Platform Credora to Enhance Services
RedStone is acquiring Credora, an on-chain credit rating platform. Financial terms of the deal were not disclosed.
The new entity will operate as Credora by RedStone, providing an oracle-powered risk rating framework for DeFi assets and yield strategies. Key points include:
- Rated DeFi strategies show a growth rate 25% higher than unrated ones.
- The acquisition aims to establish a rating system for decentralized markets akin to S&P and Moody's in traditional finance.
- RedStone co-founder Marcin Kazmierczak emphasized the need for clarity in navigating complex DeFi yield strategies.
- Credora’s co-founders will join RedStone as strategic advisors to facilitate integration.
- Focus on risks associated with tokenized private credit and stocks to support institutional investors entering crypto.