RedStone brings NAV data for FalconX’s tokenised credit vault, allowing users to borrow against positions without redeeming them.
RedStone has integrated with Pareto’s Credit Vaults to provide on-chain pricing for tokenised institutional credit, with its feed for FalconX’s credit vault now carrying more than US$170 million in credit exposure.
The integration makes the FalconX Credit Vault’s net asset value (NAV) available across multiple blockchain networks, giving lending protocols a standardised way to value the token when used as collateral. The feed is currently live on Monad, Plume and MegaETH.
Through Pareto, institutional investors deposit USDC to finance part of FalconX’s prime brokerage business and receive AA_FalconXUSDC, a token representing their position in the underlying credit. Interest accrues directly through the token’s NAV, increasing its value over time.
RedStone reads the vault’s NAV from its Ethereum contract and republishes the data as a standardised feed on each supported network. This allows lending protocols on other chains to access the same valuation without building separate connections to the underlying Ethereum contract.
For holders, the setup provides a way to use supported vault tokens as collateral to borrow liquidity without redeeming their positions. The underlying credit exposure can therefore continue accruing yield while the token is used in a lending market.
The FalconX Credit Vault is curated by M11 Credit, which underwrites FalconX and monitors the credit exposure on an ongoing basis. AA_FalconXUSDC represents the senior tranche of the vault and can be redeemed for the original deposit plus accrued interest.
Once used as collateral, the vault’s NAV provides lending markets with the valuation needed to determine borrowing capacity and monitor positions for potential liquidation. RedStone said the multi-chain pricing infrastructure is intended to help institutional credit move across blockchain networks while retaining access to DeFi markets.
The integration reflects an ongoing effort to connect tokenised traditional financial assets with on-chain lending infrastructure, where reliable pricing is required before such assets can be used as collateral.
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