Redstone labored with Securitize to launch the primary Onchain worth feed of Blockchain Capital’s ZKSYNC-era $BCAP token.
The $BCAP feed represents a key milestone in RWAS’s fast development. RWAS is a sector that exceeded 500% final 12 months and is now over $20 billion, in line with an organization memo shared with Crypto.information.
Regardless of this development, tokenized property are largely silent from Defi attributable to lack of safe, real-time worth provides wanted for loans, collateral and different use instances.
Redstone (Pink), the official Oracle supplier of Securitize, addresses this hole with a gas-efficient multi-chain worth provide. ZKSYNC’s BCAP integration follows comparable assist for tokenized property comparable to BlackRock’s Buidl funds.
In accordance with Redstone co-founder Marcin Kazmierczak, the collaboration paves the best way for an on-chain technique that features tokenized enterprise property and different institutional grade merchandise.
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zksync and rwas
Zksync, which hosts over $2 billion at RWA, solely tracks Ethereum mainnet on the RWA market measurement. BCAP and its reside worth feeds enable the DEFI protocol to be built-in into lending platforms, vaults and automatic assortment methods, as it’s at the moment native to ZKSYNC. This can be a instrument that beforehand didn’t enable institutional property for use.
“That is greater than a worth provide,” stated Omar Azhar of Matter Labs. “It exhibits that the establishment’s funds are transferring on the on-chain.”
Securitize CEO Carlos Domingo added that the feed will enable BCAP to assist Defi-Native yield merchandise with real-time pricing that meets institutional requirements.
Redstone, Securitization, ZKSYNC is constructing the infrastructure to carry regulated property to the core of decentralized finance.
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