RedStone Settle Cuts DeFi Waiting Periods to Zero with Centrifuge Partnership

Tokenized real-world assets have brought Wall Street efficiency to DeFi, but introduced one of its least charming features: waiting. Funds backed by corporate bonds, treasuries, and credit portfolios typically take three to five business days, or sometimes longer, to process redemptions. However, this timeline is a dealbreaker for lending protocols that need to liquidate collateral in minutes, not weeks.

Enter RedStone Settle, an on-chain auction-based settlement layer from oracle provider RedStone. It enables T+0 exits for tokenized fund positions, starting with Centrifuge's HYB fund, a tokenized corporate bond strategy launched in partnership with New York Life Investment Management.

RedStone Settle introduces a layer of KYC-verified solvers, essentially market makers who step in to buy tokenized fund positions on the spot. These solvers absorb the redemption delay themselves, paying the seller immediately in exchange for a spread.