RedStone Named KAIA’s Primary Oracle Provider, Expanding Stablecoin and RWA Infrastructure in Asia

Global oracle infrastructure company RedStone said April 23 that it had been selected as the official primary oracle provider for KAIA, a Web3 ecosystem focused on Asia.

Under the partnership, RedStone will provide the data infrastructure for stablecoins, real-world asset tokenization and broader on-chain financial services.

KAIA is a blockchain launched through the integration of Klaytn and Finschia and built on the Kakao and LINE ecosystems. It has about 88 million cumulative active addresses and roughly $158 million in on-chain stablecoin supply. The platform also has access to about 250 million global users through KakaoTalk and LINE.

RedStone is an oracle provider integrated with major decentralized finance protocols including Morpho and Spark. The company said it has operated without a single incident in delivering price data. Price feeds for Bitcoin, Ether and Tether are already live on the KAIA mainnet, while data for KAIA and stKAIA will be added sequentially.

KAIA’s flagship service, Super Earn, was launched through the LINE messenger platform and attracted about $5 million in deposits within a week. The company expects the partnership to strengthen the data infrastructure needed to expand messenger-based on-chain financial services.

RedStone said it plans to add exchange-rate data for major Asian currencies including the South Korean won, Indonesian rupiah, Malaysian ringgit and Japanese yen. The company said the data will support payment, settlement and liquidity expansion for regionally based stablecoins.

RedStone co-founder Marcin Kazmierczak said the oracle integration with KAIA would mark an important step in giving Asia’s on-chain ecosystem global-standard data reliability and real-time pricing infrastructure. Drawing on its experience working with leading institutional DeFi protocols such as Morpho and Spark, RedStone plans to contribute to the practical growth of the regional stablecoin ecosystem by supplying Asian currency feeds, including the won.