New York Life Taps RedStone for Tokenized Fund Redemptions

RedStone, a blockchain oracle project, has been making waves in the DeFi space. Its native token, RED, was launched on Ethereum as an ERC-20 token in March 2025 with a total supply of 1 billion tokens and an initial circulating supply of approximately 280 million tokens.

The remainder of the tokens is subject to vesting over time. RedStone's design centers on delivering oracle data to DeFi and other blockchain applications, with staking-based token model incentivizing network security.

In a recent development, New York Life has tapped RedStone to speed up tokenized fund redemptions through Settle's T+0 exits, which could revolutionize DeFi by enhancing liquidity and efficiency.