Revolut has given 60 million customers a behind-the-scenes path to the Actual World Asset (RWA) revolution. By itemizing Redstone’s Pink Token, the Fintech large is enabling retail buyers to quietly energy BlackRock, Apollo and Vaneck’s on-chain technique to put money into Oracle Community.
abstract
- Revolut lists Redstone’s Pink Tokens and opens retail entry to Oracle Infrastructure behind real-world property.
- The transfer will permit 60 million Revolut customers to take part in staking and governance on main Defi networks.
- Redstone helps over 170 protocols, together with tokenized funds from BlackRock, Apollo, and Vaneck.
In keeping with a press launch shared with Crypto.Information on August 13, Switzerland-based Oracle Supplier Redstone has secured a listing of Pink Tokens on Revolut’s platform. That is the primary time {that a} distributed infrastructure token related to real-world asset adoption has change into accessible to mainstream retail audiences.
The transfer successfully positions Revolut’s 60 million prospects as potential stakeholders within the information layer that helps tokenized funds and credit score merchandise equivalent to BlackRock, Apollo and Vanek.
“Till now, the infrastructure that fuels RWAS has been barely seen to retailers,” mentioned Marcin Kaémierczak, co-founder of Redstone. “This checklist is a serious step in the direction of making the info economic system behind real-world property extra accessible and participatory.”
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From hidden infrastructure to retail accessible property
Pink Token permits Revolut customers to get a direct contact with the economics behind the on-chain worth feed. By the Revolut app, prospects should buy Pink and wager it to win rewards, and within the course of strengthen the reliability of the RWA market.
This staking mechanism just isn’t merely about yield. It’s an curiosity within the infrastructure itself. Redstone’s observe report gives credibility to what would possibly in any other case appear like an summary wager, with over 110 chains and zero-recorded downtime protected by greater than $8.5 billion, with zero-recorded downtime. For retailers, it could provide an unprecedented alternative to learn from RWA development with out retaining underlying property.
Improvement arrives when Revolut is deepening its presence in world finance. In keeping with a press launch, the Fintech platform reported $1.4 billion in earnings final yr, partially pushed by its aggressive crypto extension, together with 15 million new customers. With its Revolut X and different regulatory compliant choices, the corporate has established itself as a bridge between conventional monetary and digital property.
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