RedStone acquires the DeFi credit rating platform Credora

ChainCatcher news, according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora, with the specific transaction amount undisclosed.

Credora is supported by Coinbase Ventures, S&P, and Hashkey, among others. After the acquisition, Credora will operate under the new brand "Credora by RedStone," focusing on risk ratings for DeFi assets and yield strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone, assisting with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for decentralized markets.