RedStone prices $170M FalconX credit vault on 3 chains

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RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH. Summary RedStone distributes the FalconX vault’s ...

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Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.atigrnest.com/news/2666553452"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2666553452\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2666553452?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-10 00:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2666553452","market":"us","top_or_hot":-1,"title":"RedStone prices $170M FalconX credit vault on 3 chains","media":"cryptonews","content":"<div>\n<p>RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH.\n\n\nSummary\n\n\n\nRedStone distributes the FalconX vault’s ...</p>\n\n<a href=\"https://crypto.news/redstone-prices-170m-falconx-credit-vault-on-3-chains/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRedStone prices $170M FalconX credit vault on 3 chains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-10 00:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/redstone-prices-170m-falconx-credit-vault-on-3-chains/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH.\n\n\nSummary\n\n\n\nRedStone distributes the FalconX vault’s ...</p>\n\n<a href=\"https://crypto.news/redstone-prices-170m-falconx-credit-vault-on-3-chains/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESK","symbol_name":"REX-Osprey ETH + Staking ETF","start_time":0,"source_url":"https://crypto.news/redstone-prices-170m-falconx-credit-vault-on-3-chains/","article_id":"2666553452","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/redstone-prices-170m-falconx-credit-vault-on-3-chains/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2666553452","pubTimestamp":1788970024,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH.RedStone distributes the FalconX vault’s signed NAV from Ethereum to three additional networks.AA_FalconXUSDC holders can use supported tokens as collateral without first redeeming their positions.RedStone checks updates through signature verification, deviation limits, staleness rules, and circuit breakers.Permission requirements and thin secondary liquidity could still complicate liquidations during market stress.RedStone brings FalconX credit pricing to three chains. In a statement shared with crypto.news, RedStone said it had integrated its pricing infrastructure with Pareto’s Credit Vaults, starting with a FalconX vault carrying more than $170 million in private-credit exposure.Interest earned by the vault accrues within the token’s net asset value, raising its redemption value over time. M11 Credit curates the product, underwrites FalconX","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ESK":"REX-Osprey ETH + Staking ETF","BK4601":"加密货币现货ETF","ETHI":"Defiance Leveraged Long Income Ethereum ETF","ETH":"低成本以太坊ETF-Grayscale","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","SETH":"1倍做空以太币期货ETF-Proshares","TETH":"21Shares Ethereum ETF","ETCO":"Grayscale Ethereum Covered Call ETF"},"translate_title":"RedStone 为 3 条链条上的 1.7 亿美元 FalconX 信用金库定价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHI":0.6,"ETQ":0.6,"TETH":0.6,"ETH":0.72,"SETH":0.6,"ETCO":0.6,"ESK":0.6},"content_text":"RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH.\n\n\nSummary\n\n\n\nRedStone distributes the FalconX vault’s signed NAV from Ethereum to three additional networks.\nAA_FalconXUSDC holders can use supported tokens as collateral without first redeeming their positions.\nRedStone checks updates through signature verification, deviation limits, staleness rules, and circuit breakers.\nPermission requirements and thin secondary liquidity could still complicate liquidations during market stress.\n\n\n\nRedStone brings FalconX credit pricing to three chains\nIn a statement shared with crypto.news, RedStone said it had integrated its pricing infrastructure with Pareto’s Credit Vaults, starting with a FalconX vault carrying more than $170 million in private-credit exposure.\nThrough the vault, institutional investors deposit USDC to finance part of FalconX’s prime brokerage business. Depositors receive AA_FalconXUSDC, a token representing the senior tranche of their position in the underlying credit portfolio.\nInterest earned by the vault accrues within the token’s net asset value, raising its redemption value over time. M11 Credit curates the product, underwrites FalconX, and monitors the credit exposure on an ongoing basis, according to the announcement.\nRedStone reads the vault’s NAV from its Ethereum contract and publishes the value through standardized feeds on Monad, Plume and MegaETH. Lending protocols on each network can then use the feed to calculate how much a holder may borrow against AA_FalconXUSDC.\nWithout such a feed, each protocol or network would need to establish its own connection to the source contract on Ethereum. RedStone’s system instead distributes the same valuation wherever the supported token is deployed.\nHolders can use AA_FalconXUSDC as collateral without redeeming it first, allowing the underlying position to continue earning interest while they borrow other assets. Actual access depends on which lending markets accept the token and the risk limits each protocol applies.\n“Tokenization is only the first step. What comes after is what truly matters,” RedStone co-founder Marcin Kazmierczak said in the announcement.\n\n“Pareto’s FalconX Credit Vault demonstrates how tokenized institutional credit can work in the onchain finance ecosystem beyond standard issuance.”\n\nFalconX calculates the NAV before RedStone publishes it\nSpeaking to crypto.news, Kazmierczak said FalconX calculates and signs the AA_FalconXUSDC NAV off-chain based on the vault’s private-credit portfolio. RedStone delivers the reported value rather than independently valuing the underlying loans.\nOnce FalconX signs an update, RedStone’s oracle nodes collect it and test it against deviation thresholds and heartbeat rules. The system publishes the NAV onchain only after it passes the required checks.\nSafeguards include confirmation from multiple nodes, verification of FalconX’s signature, and checks designed to reject updates that are too old. Circuit breakers can also stop publication when a reported value moves beyond preset limits.\nAccording to Kazmierczak, the controls protect against accidental entries and unusual updates before one incorrect value reaches several networks. They do not replace FalconX’s responsibility for determining the fair value of the credit portfolio used to calculate NAV.\nAll three destination chains receive the same signed value from a single source. Each network therefore refers to FalconX’s underlying valuation rather than producing a separate calculation that could diverge from the others.\nA disruption can still interrupt delivery. If Ethereum experiences an outage or another supported chain becomes congested or undergoes a reorganization, the affected network continues to display the last valid signed NAV until a fresh update can be verified and delivered.\nKazmierczak said staleness and heartbeat rules govern the treatment of delayed values. The approach avoids publishing data drawn from a reorganization or creating inconsistent NAV calculations, although prices may remain temporarily stale during an outage.\nRedStone previously deployed an oracle on Stellar in March 2026 as the network developed its lending activity and tokenized-asset infrastructure. By August, Stellar held more than $3 billion in real-world assets, while slightly over $2 million sat in lending pools capable of accepting RWAs, according to a report on its DeFi gap.\nFalconX vault NAV may differ from its liquidation value\nAlthough the feed supplies a fair-value estimate, Kazmierczak said lending protocols should not treat the reported NAV as the price they are certain to recover during a forced sale.\n\n“This isn’t an oracle question, it’s a risk parameter question for the lending protocol.”\n\nProtocols must decide how much of the reported value they will recognize as collateral. Kazmierczak said they should apply haircuts that account for possible slippage, limit borrowing according to realistic secondary-market depth rather than the vault’s total assets, and leave a buffer between the liquidation threshold and a stressed exit price.\nRedStone can provide the feed and risk ratings through Credora, but each lending protocol or its curator remains responsible for setting collateral factors, borrowing caps and liquidation thresholds.\nLiquidity has become a central issue for tokenized assets as issuance has grown faster than their use inside decentralized finance. A Sept. 4 analysis found that 89% of tokenized RWAs in a $34.6 billion market remained outside active protocol use, with about $3.79 billion deployed at the time.\nFalconX has separately expanded its institutional lending activity. In August, the company and Ethena launched a $1 billion lending facility that uses part of USDe’s backing assets to finance secured, overcollateralized loans for institutional borrowers.\nThe facility places collateral with qualified custodians and uses a special-purpose vehicle through which FalconX originates and services the loans. Institutional lending accounted for $310 million, or 6.9%, of USDe’s backing in early July.\nFor U.S. market participants, FalconX’s role links the vault to a prime broker with operations in New York, although the company says product availability depends on jurisdiction and the FalconX entity providing the service. Pareto also describes its credit products as regulatory-compliant offerings designed for professional investors, asset managers, digital-asset funds and fintech companies.\nPermissioned tokens require approved liquidators\nTransfer restrictions create another issue when private-credit tokens serve as collateral. Kazmierczak said an accurate NAV does not ensure that a liquidator can receive, move, or sell AA_FalconXUSDC after a borrower defaults.\nBecause the asset is permissioned, a prospective liquidator may need to appear on the issuer’s whitelist before taking custody. Even an approved party could struggle to sell the position immediately if the token has limited secondary-market liquidity.\n“Reliable pricing is necessary but not sufficient,” Kazmierczak said. “Pricing solves the ‘what is it worth’ problem; execution/liquidity access is a separate problem that needs a permissioned settlement mechanism.”\nRedStone has developed Settle to address the execution stage by auctioning liquidation or redemption rights to whitelisted solvers that have completed know-your-customer checks. According to Kazmierczak, a selected solver can take control of the asset and use the issuer’s regular redemption channel rather than depend on an open secondary market.\nThe company introduced RedStone Settle in May 2026 as a settlement layer for restricted real-world assets used in DeFi lending. Its design separates price discovery from the legal and operational process required to transfer and redeem permissioned tokens.\nPareto reports roughly $225 million in total value locked across its tokenized private-credit products. The FalconX Credit Vault is the first Pareto product covered by the integration, with additional NAV feeds planned as Pareto deploys more vaults on other networks.\nAccording to RedStone, its infrastructure provides data on more than 110 chains for over 200 clients, including Securitize, Morpho, Pendle, Spark, and Compound. The company also supplies pricing data for tokenized products, including BlackRock’s BUIDL, Apollo’s ACRED and Hamilton Lane’s SCOPE.\n\n\n\n\n\n                Read more:\n            \n\n                Compound opens USDC market with up to 87% LTV","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}