For all the commotion around tokenization (guilty as charged), one of the more under-the-radar problems holding the space back has been basic: nobody has had a clean, reliable record of what has already happened.
Hundreds of tokenized stocks, funds, bonds, and real estate products have launched over the past decade. Sure, some gained traction – but most stalled or disappeared with little trace. For banks and asset managers now exploring tokenization in earnest, there has been no easy way to study that history in one place.
Well, until now, thanks to blockchain oracle provider RedStone aims to close.
The company has acquired Miami-based Security Token Market (STM) and its TokenizeThis conference, bringing seven years of historical data on tokenized real-world assets into its business. The deal adds tracking data on more than 800 tokenized products across equities, real estate, debt, and fund structures, along with ownership of one of the best-known event brands focused on tokenized securities. Financial details of the transaction were not disclosed.
For RedStone, the data itself is the prize.
“Institutions have struggled finding trustworthy, comprehensive datasets on tokenized RWAs,” RedStone co-founder Marcin Kazmierczak said in comments to Cointelegraph. “STM’s 7-year tracking of 800+ products gives us that unified view of the $60B+ market. Importantly, it also gives us the historical advantage of the data sets we acquire.”
RedStone operates a network that supplies price and reference data to decentralized applications. Its feeds are used for pricing, collateral valuation, and risk management in onchain financial products. The company said it currently secures more than $6 billion in onchain value and works with protocols and issuers including Securitize, Ethena, Morpho, Compound, Drift, and ether.fi.
By folding STM’s archive into that stack, RedStone is positioning itself as a reference layer not only for what tokenized assets are worth today, but for how similar products were structured in the past and how markets responded to them.
The team behind STM are staying involved. UM grad Herwig Konings, STM’s co-founder and CEO, will join RedStone as an adviser and head of TokenizeThis, while STM chief operating officer Jason Barraza will take on an institutional business development role focused on asset managers, banks, and tokenization platforms.
“We’re entering a pinnacle year for tokenization and now we have a premier partner to take STM and our conference TokenizeThis to become a quintessential annual gathering for the future of finance to collide,” Konings told Refresh Miami.
TokenizeThis itself will continue as a standalone conference, now owned by RedStone. The event has historically brought together banks, issuers, asset managers, blockchain networks, and infrastructure providers trying to work through how securities and funds might move onchain.
“I’m incredibly proud of what we were able to accomplish with Security Token Market, and it’s fantastic to see Herwig lead the company to a fantastic result,” shared Kyle Sonlin, co-founder of Security Token Market. “STM was always about building durable infrastructure for tokenization, and it’s great to see that vision carried forward with RedStone.”
The acquisition lands at a moment when tokenized real-world assets are no longer a side experiment. According to RWA.xyz, Ethereum alone hosts about $13 billion in tokenized RWAs on public blockchains, representing roughly 60% of that market.
Instead of launching another protocol or token, RedStone is betting that the next bottleneck in tokenized finance will be trust in data.
If banks and asset managers really are preparing to bring serious volumes of assets onchain, the winners may be the companies that can show not only what exists today, but what already failed years ago.
Pictured at the top of this post: Security Token Market Co-Founders Kyle Sonlin, left, and Herwig Konings.
This story has been updated.
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