🚀 Ripple's $500M Investment, RedStone Launches, REtokens' RegCF, and More

Summary and Key Takeaways

1. Ripple Announces $500M Investment at $40B Valuation

One of the significant signals of 2025 are the amount of crypto and tokenization companies achieving billion dollar transactions across funding rounds, IPOs, and even M&A transactions. Just look at Tether, Circle, and BVNK or Bridge as examples. Now Ripple is cashing in on the trend this year right before what seems to be shakiness and possibly bear signs for the crypto market coming. Similar to other giants, this is another half billion dollar mega round that will fuel these companies for years to come, mostly to be used for balance sheet health related to stablecoins or designated for Digital Asset Treasury companies. In the case of Ripple Labs they’re pursuing a bank charter on top of their stablecoin and XRPL growth plans, which includes tokenized real estate and other RWAs. Next year is setting up to be a spectacle of a competition between heavily capitalized crypto companies, long-established fintechs, and the traditional banking sector itself for the fight to dominate financial services and payments/ market infrastructure.

2. RedStone Launches HyperStone and Credora DeFi Ratings

RedStone made a big launch last week with their dedicated oracle for Hyperliquid, HyperStone. Built to support their HIP-3 framework for permissionless perpetuals, HyperStone highlights RedStone’s modularity making them flexible in supporting different ecosystems based on different needs. In this case it’s fast and reliable price feeds which RedStone has already been powering 99.5% of HyperEVM including their stablecoin USDH. On that note, traditional assets are quickly merging with DeFi but an onchain economy introduces new risks and challenges. RedStone is going beyond delivering price feeds and adding in the risk layer with Credora by RedStone. Credora delivers ratings for the DeFi space, starting with those for lending markets on Morpho and Spark including risk scores and default probabilities. Unlike other ratings, these are dynamic, meaning they update in real-time based on market conditions and onchain & offchain data. Just a couple of months after acquiring Credora and RedStone has already rebuilt it to “increased automation from roughly 50% to over 90%, minimizing manual intervention.” Efficiency, reliability, and intelligence will be key factors in building trust for DeFi vaults and strategies that both crypto native and institutional investors will benefit from as they manage onchain allocations which became especially apparent in the October 10th liquidations.

3. VanEck’s VBILL Now Accepted as Collateral on Aave Horizon via Securitize

Securitize’s IPO is exciting but isn’t stopping them from continuing to build and this week we saw them expand on their work with the Horizon instance on Aave. Integrated into the Securitize platform, VanEck’s VBILL can now be supplied as collateral and loop using Aave’s Horizon. Walking through their CTO’s explanation, it’s interesting to see how automated smart contracts make it possible to collateralize VBILL, take a loan in Ripple’s RLUSD, and subscribe for more VBILL all in an atomic subscription. Some updates to lookout for include VBILL subscription directly with RLUSD so they don’t have to convert to USDC first and integrating their Trusted Single Source Oracle (TSSO) in partnership with RedStone in addition to Chainlink’s NAVLink. This of course would likely come with a Credora rating for the Horizon vaults, again emphasizing the risk layer to decentralized finance. 

4. Soft Launch: REtokens’ to Launch $5M RegCF Offering

A number of tokenization startups have elected to eat their own dog food and actually tokenize their companies. And not just to say it’s on a blockchain ledger but to actually distribute it to their community and customers. REtokens is one of those companies that’s pursuing this ethos now with the soft launch tease of their very own tokenized Reg CF offering. The opportunity to participate for anyone interested will be on November 18th and can find more information here. Another example of a full end-to-end provider, REtokens has both tokenization engine technology and a broker dealer license for an ATS venue all centered around real estate, the biggest asset class up for tokenization.

5. Dinari Chooses Chainlink for S&P Digital Markets 50 Index Price Feeds

Announced last month, Dinari is working with S&P Dow Jones Indices to tokenize their new S&P Digital Markets 50 Index which will include 15 cryptos and 35 crypto-linked stocks (think Coinbase, Circle, Robinhood, etc.). The dShare Dinari would issue to track this index would require price feeds for the investable universe which they’ve selected Chainlink to deliver using their oracle. Why does an onchain price feed matter? Blockchain is going to enable even more active management and interesting index products thanks to smart contracts and collateral mobility. This means that indices & linked funds will be able to rebalance more frequently based on an enforceable methodology whose rules can also be automated using smart contracts and that’s where onchain data streams come into play, potentially triggering changes. This is the future we’re all working towards, especially as private alternatives and crypto continue to make their way into portfolios.

This is not financial advice.

RWA Foundation & WALLY DAO Updates

The RWA Foundation introduced the RWA Pod as “A permissionless way for anyone to support RWAs using crypto with multiple RWA project tokens as yield.”

In partnership with PERQ, the RWA Pod allows you to deposit ETH, USDC, ARB, and S/ Sonic. Participants will receive tokens on multiple blockchain protocols related to RWA projects that the RWA Foundation has qualified and selected as Founding Members.

Two of the tokens in the POD rewards are Brickken’s BKN and DRVN’s BSTR. Want to learn more about them? Check out interviews with their founders now available on X and on YouTube, go ahead and check them out 👇!

STM.co Data

This is not financial advice.

Think Like Herwig

Hello readers,

What a banner year 2025 is closing out to be. It’s safe to say that even though we still have much ahead in terms of legislative reform, market adoption, and pushing the limits of what tokenization can do, RWA tokenization has been accepted by the system globally as the future rails of finance. IPOs are now actively being received well and the biggest companies are now preparing for the ultimate battle to win the market. It will take a lot of cash as the profitability of stablecoins, owning an L1/L2, or providing tokenization applications or venues for the market will justify even further investment next year. 

Expect to see more of these announcements especially around consolidation. There’s more exciting news left this month alone!

Happy tokenizing, 
Herwig “Happy” Konings
CEO, Security Token Group 

Follow me on X / LinkedIn

Security Token Show Ends with 300 Episodes!

Check out the latest and final episode of the Security Token Show as well as the full catalog on Youtube, Spotify, Apple Podcasts & Google Podcasts.

Reports

RWA Tokenization: Key Trends and 2025 Market Outlook

Check out a report we contributed to: RWA Tokenization: Key Trends and 2025 Market Outlook. Led by Brickken, this report brings multiple parties together in diving into tokenization, with STM.co supporting with both data and some of the written sections.

What’s Inside?

✅ A Breakdown of Tokenization and Related Benefits
✅ Key advantages for issuers, investors, and institutions
✅ How the market is evolving and trends shaping adoption in 2025
✅ What’s next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth

STM’s RWA Market Prediction for 2030

STM.co is proud to release a thorough report on our prediction on the tokenized real world asset market growth. This report explores the variety of opportunities within each asset class to capture value on-chain.

Tokenization can be applied to just about any object and asset type. Art, carbon credits, life insurance, and other sub $5 trillion asset classes weren’t even considered in estimates.

In order for STM to derive its 2030 market predictions, the following asset classes were evaluated: currency, M2/M3, real estate, commodities, public equities, private companies and funds, bonds, credit and lending markets.

This is not financial or investment advice.

Helpful Resources

• $30 Trillion by 2030 - STM

• Global Tokenized Real Estate Market Guide 2024 - STM

• TokenizeThis 2024: Highlights and Key Takeaways - STM

• TokenizeThis 2023: Highlights and Key Takeaways - STM

• State of Security Tokens 2023 - Q4 - STA

• State of Security Tokens 2023 - Q3 - STA

• State of Security Tokens 2023 - Q2 - STA

• State of Security Tokens 2023 - Q1 Extended - STA

• Real-World Asset Tokenization 2023 According to STM - STM

• Tokenizing an Asset in 3 Easy Steps - Security Token Show

• Rich Data in Private Assets - STM

• State of Security Tokens 2022 - STA

• State of Security Tokens 2023 - Institutional Edition - STA

• Tokenization for Institutions - What You Need to Know - STM, Arca (YouTube)