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Funding
RedStone raises USD 15 million in Series A funding to expand team
Decentralized Finance (DeFi)
Jul 2, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jul 2, 2024

RedStone raises USD 15 million in Series A funding to expand team

Funding

  • RedStone, a DeFi middleware infrastructure protocol, raised USD 15 million in a Series A funding round led by Arrington Capital, with participation from SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, and others. This round brings RedStone's total funding to USD 22 million.

  • The company plans to use the fresh funding to expan its employee base. Furthermore, it also plans to push RedStone's oracles into Ethereum's emerging restaking landscape, with a focus on developing oracles for liquid restaking tokens (LRTs).

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