RedStone ♦️

RedStone Turns 6. Our mission: building the infrastructure for the next era of finance.

The past two weeks in tokenized stocks (Oct 26–Nov 8): • Issuance up 19% to $3.79B • DEX volume: $3.14B, down 26.1% • $504M in net new issuance • Holder positions up 17k to 457.9k The trend continues: the market grows fast, but the trading volume is declining. @Binance’s bStocks still lead the issuance, growing from $1.07B to $1.42B (+33%) over the past 2 weeks. @RobinhoodCrypto now leads trading: $1.51B of DEX volume over the two weeks (48%) vs $1.01B for bStocks, whose weekly volume fell for a third week in a row. The biggest additions to supply were all bStocks tokens: Alphabet (+$84M), SpaceX (+$69M), Intel (+$38M), SanDisk (+$35M) and QQQ (+$33M). While NVIDIA retains the lead as the most-traded stock across all issuers, the single most-traded tokenized stock of the past 2 weeks is BNCB with its $339M DEX volume; its holder base went from 43.4k to 54.6k, which accounts for most of bStocks’ +12.4k. Now, for the biggest stories of the past two weeks. TSV settled the first trades under the SEC’s tokenized-stock exemption DRW Cumberland bought issuer-sponsored tokenized Canton Strategic Holdings (CNTN) shares from Five North on @CantonNetwork. No trade size was disclosed. Full story: crypto.news/canton-strategic… DTCC’s tokenization service goes live It runs on Canton and @The_DTCC’s private Besu chain, with 20 firms signed up, including JPMorgan, Citadel Securities, BofA, Citi, Fidelity, Morgan Stanley and UBS. DTCC says Russell 1000 stocks, major ETFs and Treasuries are eligible. Full story: dtcc.com/press-releases/2026… That’s a wrap for this edition of the Tokenized Stocks Digest, covering the data and biggest stories from the past two weeks. More to come, so make sure to follow RedStone and check out our industry report for a deeper dive: redstone.finance/research/to…

2/ Official links discord.gg/redstonedefi & redstone.finance & xitter.gq/redstone_defi & t.me/redstonefinance

1/ Watch the full conversation with @mkmassari on The RedStone Podcast: youtu.be/t2FjlWWRPUU

“The vision is that Dogecoin itself, the original meme chain, the second biggest proof of work blockchain in the world, can actually support a whole ecosystem.” Jordan Jefferson (@mydogeceo), Founder and CEO of @DogeOS, on why Dogecoin is more than a token. He calls it “a sleeping giant”: wrapped DOGE already lives on other chains, but a decentralized, permissionless cross-chain Doge standard is still missing. His team is building it.

2/ Official links discord.gg/redstonedefi & redstone.finance & xitter.gq/redstone_defi & t.me/redstonefinance

1/ Extended is a perp exchange that lists equities alongside crypto, tradeable 24/7 from one account. Ruslan notes that tokenized shares may work more naturally as collateral; learn more in our report on tokenized stocks, featuring his insights. redstone.finance/research/to…

"Perps need only a reliable price and a margin account." @rf_extended, founder and CEO of @extendedapp, explains why equity perps got ahead of tokenized shares onchain. No shares to source, no redemption delays.

6/ Official links discord.gg/redstonedefi & redstone.finance & xitter.gq/redstone_defi & t.me/redstonefinance

5/ RedStone has priced Bitcoin collateral since 2022. Stacks, then Lombard, Babylon, Hemi, BOB. We’re bringing our price feeds to Alpen, an EVM-compatible Bitcoin rollup and will support onchain financial apps from launch.

4/ USDC arriving on Alpen makes it two-sided. A dollar loan against Bitcoin collateral needs both legs priced. The volatile leg sets the liquidation.

3/ Which puts the work on the data side. RedStone plugs into sources directly rather than reading another aggregator. Many sources per asset, combined by median, so one bad input cannot move the result. Node operators sign the data. Contracts verify those signatures before reading a price.

2/ Settling on Bitcoin changes what that number has to survive. Alpen builds blocks every 5 seconds. It batches to Bitcoin every 2 hours, and checkpoints every 10. Liquidations run at the first number. Finalization arrives at the third.

1/ A lending market resolves to one number. What the collateral is worth right now. Borrowing capacity and liquidation thresholds are both set against it.

To lend against Bitcoin, you need prices you can rely on. Alpen is building credit markets that settle on Bitcoin. RedStone is the data layer underneath them.

3/ Official links discord.gg/redstonedefi & redstone.finance & xitter.gq/redstone_defi & t.me/redstonefinance

2/ Learn more: redstone.finance/blog/redsto…

1/ “Tokenized assets can only match traditional markets if they function the way on-chain markets do: accurately priced and liquid around the clock. Our collaboration with RedStone brings these capabilities to Hadron by Tether, combining trusted price and NAV data with settlement solutions designed to reduce the delays associated with traditional redemption processes.” — @paoloardoino, CEO @tether

RedStone x @Tether’s Hadron. Institutions and governments tokenizing on Hadron can now get price and NAV feeds and rapid liquidity via RedStone Settle.

2/ Official links discord.gg/redstonedefi & redstone.finance & xitter.gq/redstone_defi & t.me/redstonefinance