RedStone Acquires Credora

The acquisition combines RedStone’s real-time market data with Credora’s DeFi credit ratings expertise, enhancing the landscape for decentralized finance.

Key Highlights:

• This merger seeks to achieve what traditional rating agencies like S&P and Moody’s provide to conventional markets.
• Credora’s co-founders are joining RedStone as advisors to facilitate the integration and drive adoption.

RedStone, a provider of oracle data feeds across blockchains, has completed the acquisition of Credora, an on-chain credit rating platform supported by significant investors including Coinbase Ventures.

The newly formed entity will operate under the name Credora by RedStone, focusing on developing an oracle-driven risk rating system aimed at decentralized financial assets.

Quote from Marcin Kazmierczak, RedStone Co-founder:

“Ratings are a natural extension of our services: we gather and deliver data on-chain, and transparent ratings transform it into actionable intelligence.”

As DeFi yield strategies become increasingly complex, this collaboration aims to provide clarity and support institutional engagement in the cryptocurrency space.