RedStone has deployed a price feed for deJAAA, an AAA-rated collateralized loan obligation fund, on the Stellar blockchain. The move marks the first time a CLO product has accessed real-time pricing data through RedStone's oracle infrastructure on Stellar.
deJAAA is issued by Centrifuge, a protocol that tokenizes real-world assets. The fund pools loans rated AAA, the highest credit grade. RedStone's feed uses the SEP-40 standard, Stellar's token metadata protocol, allowing the price data to be read directly by smart contracts on the network. Centrifuge launched deJAAA on Stellar in March 2026 with an initial $20 million in assets under management.
The global CLO market reached $1.4 trillion as of 2024, according to data cited by Bank of America and tracked by investment firm IQ-EQ. CLOs bundle corporate loans and sell tranches to investors based on risk tier. AAA-rated tranches carry the lowest default risk but the lowest yields. On-chain CLOs face a technical barrier that traditional CLOs do not: their prices must be updated by an oracle, a third-party data source, to be usable in decentralized finance contracts. Without reliable pricing, DeFi protocols cannot accept them as collateral or route them to yield strategies.
RedStone operates as an oracle network, sourcing prices from market data providers and publishing them to blockchains. The firm has deployed feeds on multiple chains including Ethereum and Polygon. The Stellar deployment represents expansion into a blockchain with lower transaction costs and simpler token standards, though smaller DeFi liquidity than Ethereum.
Centrifuge has built its business around tokenizing institutional assets, mortgages, trade receivables, and in this case, loan pools. The firm raised $32 million in Series B funding in 2023 and operates across multiple blockchains. deJAAA offers yields above money market funds and lower volatility than equity-linked products, positioning it as a bridge asset for institutions exploring blockchain-native Treasury-like instruments.
The pricing infrastructure for on-chain CLOs remains nascent. RedStone's feed is one of the first to support Stellar-based credit products, but pricing feeds alone do not guarantee adoption. DeFi protocols must individually choose to accept CLOs as collateral, and institutional investors must trust the underlying loan data published by Centrifuge. The protocol publishes monthly performance reports on-chain, though the audit and verification layers remain lighter than traditional CLO servicing.
For RedStone to expand CLO coverage across blockchains, the firm would need to deploy feeds for other credit products and maintain data quality standards that satisfy institutional risk frameworks. Centrifuge's ability to grow deJAAA's assets under management depends on whether DeFi platforms integrate the price feed into their lending and trading logic.
