TL;DR
- RedStone now provides a price feed for $SECZ, Securitize’s own equity token, live on Avalanche and Solana from day one of the NYSE listing
- TSSO (Trusted Single Source Oracle) is the cryptographic standard RedStone and Securitize co-designed for assets that do not have a continuous market price: each NAV update is chained, signed, and auditable
- RedStone is Securitize’s primary oracle partner, delivering NAV feeds for BUIDL, ACRED, HLSCOPE, VBILL, and STAC across Ethereum and multiple additional blockchain networks
- ACRED on Morpho is the most concrete illustration of what this enables: Apollo private credit earning DeFi yield for the first time, with Gauntlet as risk curator and RedStone as the pricing layer
- VBILL and STAC are now live as collateral on Euler through KPK’s USDC Prime RWA vault, priced daily by RedStone via the KPK Oracle Router
From Fund NAVs to Tokenized Equities
Securitize set out to “tokenize the world” in 2017. Now, it has been listed on NYSE under ticker $SECZ, simultaneously tokenizing its own common stock on Avalanche and Solana. The tokenized shares represent the same NYSE-listed equity, issued through regulated infrastructure, available to eligible investors through Securitize’s platform.
RedStone provides an end-of-day price feed for $SECZ, along with a few other tokenized equities. This is the most recent addition to an infrastructure layer that now spans six funds and publicly listed equities.
TSSO: Cryptographic Trust for Single-Source NAVs
Securitize operates as regulated infrastructure for tokenized assets, acting as transfer agent and fund administrator for the institutional funds on its platform. The assets on its platform are not freely traded on the secondary market and therefore have no continuous market price. Their value is determined by Net Asset Value (NAV), calculated off-chain by a fund administrator under standard fund accounting rules.
Multi-source aggregation, the default oracle model, does not apply to these kind of tokenized assets. That is why RedStone and Securitize partnered to design the Trusted Single Source Oracle (TSSO).
TSSO is a cryptographic architecture built for assets where NAV originates from a single authoritative source. Instead of aggregating multiple feeds, TSSO makes that single source verifiable by chaining each NAV update to the previous one, with a full digital signature, timestamp, and hash. The result is a tamper-evident, auditable sequence where the source of every value update is traceable and verifiable onchain.
TSSO has become the standard architecture for every NAV feed RedStone delivers within the Securitize ecosystem, covering funds across six institutional asset managers on three different blockchains.
BUIDL (BlackRock USD Institutional Digital Liquidity Fund)
BUIDL is BlackRock’s USD Institutional Digital Liquidity Fund, the largest tokenized money market fund in the world. The fund holds $2.23B in assets under management, backed by short-term US Treasuries and overnight repurchase agreements, managed by BlackRock and tokenized via Securitize.
RedStone delivers both a daily NAV feed and a daily interest accrual feed for BUIDL across six networks: Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and Solana. BUIDL is designed to hold a stable $1.00 NAV while yield accrues separately over time. RedStone tracks both independently, giving protocols a complete picture of the asset’s economic state rather than a single blended price.
The feeds run on push and pull models, meaning the data is delivered automatically onchain on a 24-hour heartbeat and also available to be fetched by protocols on demand.
ACRED (Apollo Diversified Credit Securitize Fund)
ACRED is Apollo’s tokenized private credit fund, issued through Securitize. The fund holds diversified corporate credit with a current NAV of $1,102 and $115M in assets under management at the time of writing.
RedStone delivers that NAV onchain across all six networks, Ethereum, Solana, Avalanche, Polygon, Ink, and Sei, on a 24-hour heartbeat via push feeds. Pull feeds also available on Ethereum and Solana.
HLSCOPE (Hamilton Lane Senior Credit Opportunities Fund)
HLSCOPE is the tokenized feeder fund that gives investors onchain access to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), an evergreen private credit strategy focused on senior secured loans to companies across North America and Europe. Hamilton Lane manages approximately $1 trillion in total assets under management and supervision.
Launched by Securitize in May 2023, HLSCOPE brought the minimum investment down from $2 million on the underlying institutional fund to $10,000, with monthly subscriptions and on-demand redemptions.
RedStone delivers the daily NAV for HLSCOPE across Ethereum, Polygon, Optimism, and Plume Mainnet via push feeds, with pull feeds available on Ethereum and Plume. The current NAV is $1,256 at the time of writing.
VBILL (VanEck Treasury Fund)
VBILL is VanEck’s tokenized US Treasury fund, issued through Securitize, currently at $55.4M in assets under management. The fund targets a stable $1.00 NAV per token, with yield accruing separately over time.
RedStone delivers both a daily NAV feed and a daily interest accrual feed for VBILL across Ethereum, BNB Chain, Solana, and Avalanche, in both push and pull models. The push feeds update automatically on a 24-hour heartbeat, while the pull feeds are available on demand across the same four networks.
VBILL is live as collateral on Euler, inside the USDC Prime RWA vault curated by KPK. RedStone prices it via the KPK Oracle Router, delivering the daily NAV the vault uses to manage collateral values and liquidation thresholds.
STAC (Securitize Tokenized AAA CLO Fund)
STAC is a tokenized credit fund issued by Securitize in collaboration with BNY as custodian and Insight Investments as sub-advisor. The fund invests in AAA-rated collateralized loan obligations, with a current NAV of $1,023 at the time of writing and $352.9M in assets under management.
RedStone delivers a daily NAV feed for STAC on Ethereum via push and pull models.
STAC is listed alongside VBILL in the KPK vault on Euler, where both feeds route through the same KPK Oracle infrastructure connecting the pricing layer directly to the vault’s collateral management logic.
In June 2026, Ethena committed $250M to STAC and integrated it into USDe’s backing as part of its RWA diversification strategy, making STAC part of the collateral base for one of DeFi’s largest synthetic dollar protocols.
From Infrastructure to Public Market
Securitize’s public listing on NYSE is a signal that RWA tokenization is no longer an experiment, but rather something public markets take seriously. Behind that credibility is years of infrastructure work: funds like BUIDL, ACRED, HLSCOPE, VBILL, and STAC, each required a pricing layer capable of delivering verifiable NAV data to DeFi ecosystems that were not built with these assets in mind.
TSSO was designed to be that pricing layer and the $SECZ feed extends into listed equity. As the Securitize ecosystem grows, the oracle infrastructure grows with it.
