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Remora Markets

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Summary

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 entities
Organizations
□Remora Markets
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    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 Square

    2025

    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.

    SolanaFloor

    31 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 Computer

    February 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 Block

    24 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 X
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain18 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 18 of 24 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    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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