RedStone powers Hamilton Lane’s onchain push as Victor Jung flags stablecoin readiness

Victor Jung, who runs digital assets at Hamilton Lane, has a simple test for who wins the tokenization race. It comes down to readiness for wallet-to-wallet stablecoin transactions and the ability to borrow against tokenized holdings. Firms that aren’t ready, in Jung’s framing, risk missing the opportunity entirely. And sitting underneath Hamilton Lane’s own onchain fund is RedStone, the oracle provider that supplies the pricing data those transactions depend on. What Jung is actually arguing Jung’s point is less about any single product and more about plumbing. Tokenizing a private markets fund is one thing. Making that token behave like money is another. It needs to move directly between wallets using stablecoins, and it needs to work as collateral in borrowing markets. That is where oracles come in. A blockchain can’t look up the value of a private equity fund on its own, so it relies on an outside data provider to report that value onchain. RedStone fills that role for Hamilton Lane’s SCOPE fund, a tokenized product issued through Securitize. RedStone provides daily pricing for the fund, which runs across Ethereum and other blockchains. Jung has led Hamilton Lane’s digital asse...