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RedStone a decentralized finance (DeFi) oracle provider officially rejects any business ties with market-making entity Whisper and Web3Port a Web3 accelerator. The official RedStone statement completely denies reports of business connections to Web3Port and Whisper because these claims started without any agreement from RedStone.
RedStone stated clearly that Web3Port and Whisper do not assist in its market operations or service offering. As soon as the falsification became clear RedStone responded promptly by asking the wrong information to be removed from public view.
Online false information about the company continues to exist despite its removal attempts. The company told its customers their market activities depend solely on their directions since unauthorized affiliates cannot influence them.
Important Clarification: RedStone Does Not Work with Web3Port & Whisper.
We want to address recent rumours about alleged work with Web3Port and Whisper, the market maker. We want to clarify that RedStone does not work with these parties, and any partnership announcements were…
— RedStone Oracles (@redstone_defi) March 20, 2025
Web3Port and Whisper Face Scrutiny Amid Binance Ban
RedStone wants to separate from Web3Port and Whisper because several controversies continue to affect these companies. News outlets discovered that Binance banned an unknown market manipulator who wrongfully boosted trading volumes for GPS and SHELL tokens. Binance completed their internal review to seize all money gained illegally by the involved company.
The company did not name the banned party but AB Kuai Dong revealed to Yellow publication that May Liu runs market-making activities. Media outlets link Liu to both Whisper and Web3Port platform services as its owner. People believe Whisper takes unfair advantage of trading platforms when it uses manipulation techniques to rise token values.
To protect its reputation RedStone quickly denied any business relationship with Web3Port and Whisper based on these accusations. The company continues to depend only on approved liquidity providers who meet all necessary standards.
Despite public concern about RedStone RED token has preserved its value position in the cryptocurrency market. The token climbed 14.5% during the past week with a total increase of 74% during one month’s time. By taking immediate action against rumors the firm shown investors that it manages these concerns properly.
RedStone Joins Forces with Securitize for RWA Tokenization
At this critical phase of its growth RedStone encounters an important industry issue while expanding its DeFi business particularly within real-world asset tokenization. On March 12 the business unveiled its alliance with Securitize which counts as the biggest RWA tokenization platform.
Under this partnership Securitize and RedStone will support non-cryptocurrencies that major finance groups like Apollo, BlackRock, Hamilton Lane and KKR use for their tokenized asset products. RedStone customizes pricing solutions to meet investment-grade asset manufacturers’ needs through its modular approach.
The company teams up with Securitize to offer price updates for multiple tokenized products especially ACRED from Apollo Diversified Credit and SCOPE from Hamilton Lane alongside BUIDL from BlackRock USD Institutional Digital Liquidity. RedStone develops chain-to-chain data transfer connections so markets within the Ethereum Virtual Machine (EVM) and non-EVM environment integrate together.
As Securitize CEO Carlos Domingo explains how tokenized securities need to work smoothly with blockchain technology in the DeFi system. He states that RedStone needs its platform to help bring financial products onto the blockchain while meeting industry requirements for protection.
As the traditional securities market hits $255 trillion by July 2024 with a digital economy value of $20 billion RedStone aims to unite blockchain technologies with business applications.
RedStone works toward business growth by protecting its achievements from misleading information. Through quick response and reinforcement of its trusted partnerships the company pushes forward its success in DeFi market.
#blockchain #crypto, #decentralized, #distributed, #ledger
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