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RedStone Integrates FalconX Credit Vault NAV Across Multiple Blockchains
RedStone, a blockchain oracle provider, has announced the integration of the FalconX Credit Vault's net asset value (NAV) as a standardized data feed across several blockchains, including Ethereum, Polygon, and Arbitrum. This development aims to enhance the pricing infrastructure for tokenized private credit products, which are often complex in nature.
The FalconX Credit Vault, launched in July 2025 on the Pareto platform, allows users to deposit USDC, which is then allocated to a bankruptcy-remote Special Purpose Vehicle that lends to FalconX's institutional clients. The vault currently holds approximately $145 million in total value locked, with an NAV of $1.11 and a trailing 30-day annual percentage yield (APY) of around 7.41%.
RedStone's integration utilizes its Trusted Single Source Oracle (TSSO) framework, co-developed with Securitize, to deliver the NAV on-chain in a verifiable format. This model is particularly beneficial for private credit assets, which lack a market price and rely on periodic valuations from fund administrators. The standardized feed aims to eliminate fragmentation across different blockchains, ensuring consistent and reliable NAV data for users.
Source: KLEA News