HTX Ventures announced investment in RedStone Oracles to expand modular DeFi infrastructure
TechFlow Selected TechFlow Selected
HTX Ventures announced investment in RedStone Oracles to expand modular DeFi infrastructure
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation, and research to identify the world's most outstanding and promising teams.
Navigating Web3 tides with focused insights
To build a more efficient and user-friendly DeFi market, HTX Ventures, the investment arm of global cryptocurrency exchange HTX (formerly Huobi), has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024, providing diverse, high-frequency data feeds to EVM Layer 1s, Layer 2s, Rollup-as-a-Service networks, and more—including Starknet, Fuel Network, and TON.
RedStone’s modular architecture enables it to deliver unique data feeds not available elsewhere—especially yield-bearing collateral assets in lending markets such as LSTs and LRTs. Its modular pricing engine ensures maximum accuracy and relevance through continuous updates. Additionally, RedStone is chain-agnostic, meaning it can push data across multiple EVM and non-EVM ecosystems, rollups, and application-specific chains. This makes it an ideal partner for Rollup-as-a-Service providers and EigenLayer AVSes. Currently, RedStone’s total value secured (TVS) has grown to $4 billion, expanding across over 60 blockchains and serving more than 100 clients, including EtherFi, Pendle, Morpho, and Ethena.
RedStone recently closed a $15 million Series A funding round led by Arrington Capital. The funds will be used to expand its marketing and business development teams and drive large-scale growth initiatives in Q3 and Q4. RedStone is currently testing implementations of Oracle Extractable Value (OEV), planning pilot trials with clients in the coming months, and preparing to launch its native token later this year.
An HTX Ventures managing partner said: “RedStone brings exciting advancements to DeFi through its modular design. DeFi users will benefit from new, precise data feeds and both push- and pull-based data services. RedStone’s chain-agnostic nature allows it to serve across multiple layers. At HTX Ventures, we’re excited to see innovation emerging in the oracle space and look forward to collaborating on building better infrastructure and tools to support DeFi.”
Jakub Wojciechowski, CEO of RedStone Oracles, commented: “This Series A round provides strong financial backing to expand our offerings while delivering reliable real-world data to numerous blockchain-based protocols. We sincerely thank our investors and community for their enthusiastic support. Believe me—we’re just getting started.”
RedStone is also preparing for the upcoming second season of RedStone Expedition—an interactive community engagement program where participants can earn RSG (RedStone Gems) points through various activities. Interested individuals can register here: RedStone Expedition.
About RedStone
RedStone is a modular oracle that delivers diverse, high-frequency data feeds to EVM Layer 1s, Layer 2s, and Rollup-as-a-Service networks such as Starknet, Fuel Network, and TON. Responding to market trends and developer needs, RedStone supports assets unavailable elsewhere. Its modular design allows customization of data consumption models for specific use cases, including capital-efficient LSTfi and early-supported LRTs. Trusted by Pendle, Morpho, Venus, Ethena, ether.fi, and others.
About HTX Ventures
HTX Ventures is the global investment arm of HTX (formerly Huobi). It integrates investment, incubation, and research to identify the most outstanding and promising teams worldwide. As a blockchain industry pioneer with over a decade of experience, HTX Ventures drives cutting-edge technologies and emerging business models, offering comprehensive support—including fundraising, resources, and strategic consulting—to portfolio projects to help build a sustainable blockchain ecosystem.
To date, HTX Ventures has backed more than 300 projects across multiple blockchain sectors, with several high-quality projects already listed on HTX. Additionally, HTX Ventures is one of the most active fund-of-funds (FOF) investors, partnering with top-tier global blockchain funds such as Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca to co-develop the blockchain ecosystem.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
