HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure

HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is recognized as one of the fastest-growing modular oracles in 2024, delivering diverse, high-frequency data feeds to various blockchain ecosystems, including EVM Layer1, Layer2, Rollup-as-a-Service networks, Starknet, Fuel Network, and TON.

RedStone's technology stands out due to its modular nature, which allows it to provide unique data feeds, specializing in yield-bearing collateral for lending markets, particularly LSTs and LRTs. Its modular pricing engine ensures high accuracy and relevance by consistently updating data. Additionally, RedStone's chain-agnostic capabilities enable it to push data across multiple EVM and non-EVM ecosystems, rollups, and various app chains. This flexibility makes it an ideal partner for Rollup-as-a-Service providers and Eigenlayer AVSes.

Currently, RedStone's Total Value Secured (TVS) has reached $4 billion, expanding to over 60 chains and serving more than 100 clients, including EtherFi, Pendle, Morpho, and Ethena. The company recently closed a $15 million Series A round, led by Arrington Capital, to expand its Marketing and Business Development divisions, fueling an extensive Q3/Q4 growth pipeline. RedStone is also testing Oracle Extractable Value (OEV) implementation, set for trial with customers in the coming months, and is preparing for the launch of its native token later this year.

Edward, Managing Partner at HTX Ventures, commented on the investment, stating, "RedStone is introducing an exciting advancement to DeFi with its modular design. DeFi users will benefit from new and precise data feeds, as well as push and pull data services. RedStone's chain-agnostic feature allows it to provide services across various layers. At HTX Ventures, we are thrilled to witness new innovations within the oracle space and are eager to collaborate on building better infrastructure and tools for DeFi."

Jakub Wojciechowski, CEO of RedStone Oracles, expressed his enthusiasm, saying, "This Series A round gives us ample financial runway to broaden our suite of services while bringing reliable real-world data to a host of blockchain-based protocols. Sincere thanks to our investors and community for their fervent support, and believe me when I say - we are just getting started."

In addition to its technological advancements, RedStone is preparing for the upcoming launch of Season 2 of RedStone Expedition, an interactive community engagement initiative. This initiative allows participants to accumulate RSG (RedStone Gems) points through a diverse array of activities. Interested parties can sign up here: RedStone Expedition.