PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.
RedStone acquires DeFi credit rating platform Credora
PANews reported on September 4th that according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora. The specific transaction amount was not disclosed. Credora is backed by Coinbase Ventures, S&P, Hashkey, etc. After the acquisition, Credora will operate under the new brand "Credora by RedStone", focusing on risk rating of DeFi assets and income strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone to assist with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for the decentralized market.
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