Chronicle, a blockchain data provider centered on tokenized assets, announced Tuesday that he has raised $ 12 million in a round of initial funds.
The investment was directed by Strobe Ventures, previously known as Blocktower Capital. Other backers include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital and Fenbushi Capital, Notable Alongsis Crypto Angel Investors Such As Rune Christensen (Sky/Makerdao Founder), Andre Chronje (Founder of Sonic And Yearn), Stani Kulechov (Founder of Aave), Mark Phillips (Co-Founder of Steakhouse) and Sam Macpherson (Co-Founder of Phoenix Labs).
Chronicle operates as a Oracle network, which offers real -time data verification for tokenized financial products. It has prosecuted more than $ 20 billion in total insured value (televisions) since its launch in 2017 and is expanding its infrastructure to meet the growing demand. The company recently launched its “verified asset oracle”, which guarantees the authenticity of assets outside the chain for emitters such as centrifuge, superstate and m^0.
“As banks and asset administrators accelerate tokenization initiatives, Chronicle’s confidence data infrastructure provides the capacity of reliability and compliance that these institutions require,” said Thomas Klocanas, general partner of Strobe Ventures.
The real -world asset token demand (RWA) is increasing, since global asset banks and administrators use more and more blockchain rails to move traditional financial instruments. Tokenized assets could become a multillonizing market for 2030, McKinsey reports, Boston Consulting Group and other projected.
Chronicle aims to take advantage of this growing demand integrating data outside the chain with blockchain -based assets ensuring data safety, hearing and profitability through a network of validators, including established financial data suppliers and cryptographic organizations such as Sky, previously Makerdao.
The company said it will use the new capital to advance the development of products, expand associations and strengthen compliance measures, reinforcing its role as a bridge between traditional finances and digital assets.
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