Remora Markets
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anchored·3kTNSK…HKpXSummary
Remora Markets was a Solana-based tokenized real-world asset (RWA) platform acquired by Step Finance in December 2024, originally operating as Moose Capital, that offered tokenized equities such as Tesla and Nvidia shares via on-chain rTokens. On February 24, 2026, Step Finance announced the immediate wind-down of all operations — including Remora Markets and media affiliate SolanaFloor — after a January 31, 2026 hack drained approximately $27–40 million from Step Finance treasury wallets through compromised executive devices, leaving the parent entity unable to secure financing or an acquisition. Remora stated that rTokens remained fully backed 1:1 and that a USDC redemption process was being developed, though the abrupt shutdown and constrained recovery funds raised significant concerns about users' ability to recover full value in a timely manner.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(6 events)
12 December 2024
Step Finance announced the acquisition of Moose Capital, rebranding it as Remora Markets, to expand into tokenized equity trading on Solana. Financial terms undisclosed. Launch targeted for Q1 2025.
Holder.io / Binance Square2025
Remora Markets launched rStocks on Solana, offering tokenized Tesla and Nvidia shares. Platform reported cumulative revenue crossing $110 million. Solana RWA sector market cap grew 187% year-over-year to $499 million.
SolanaFloor31 January 2026
Step Finance treasury wallets compromised. Attackers, through alleged compromise of executive team devices, unstaked and transferred 261,854 SOL (approximately $27–40 million at the time). STEP token collapsed approximately 93% within 24 hours. Law enforcement notified and cybersecurity firms engaged.
The Record / CoinDesk / Bleeping ComputerFebruary 2026
Step Finance began investigation with cybersecurity researchers. Approximately $4.7 million recovered ($3.7M in Remora assets, $1M in other positions). Financing and acquisition discussions initiated.
The Record (Recorded Future News)23 February 2026
Step Finance announced it was 'unable to secure a viable outcome' after exploring financing and acquisition options. Immediate wind-down of all operations announced, including Remora Markets and SolanaFloor.
CoinDesk / The Block24 February 2026
Remora Markets officially ceased operations. Remora announced via X that all rTokens remained fully backed 1:1 and that a USDC redemption process was being developed. No timeline was provided for redemption. SolanaFloor ceased publishing but preserved its archive.
PANews / Remora Markets on XDecision Log
- hash: Co4zDpbjfyG4ATXfyms1R3yPTPkHQkD4Jr3TjCGbhNzn
- hash: HiPDQRs71z7z7iBD8EfMVzTnS5Rd79eDc8snRzvPQaiR
- hash: 552zzZ2fmmTJRRPTzf59Ro6Mq7ZAjWSHAkD3HtCFZtmj
- hash: AZHLrxa4HsiwJwCBCkgkHQm5hgXSPNsHDFTp1vdYSRTd
This investigation is cryptographically anchored to the Solana blockchain (4 events). 18 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/2/2026, 11:32:55 PM
last updated: 8/26/2026, 11:41:49 AM
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