Chronicle, a blockchain data supplier, focused on tokenized assets, announced on Tuesday that he had raised $ 12 million in a seed financing cycle.
The investment was led by Strobe Ventures, formerly known as the Blocktower Capital. The other donors include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital and Fenbushi Capital, alongside notable investors Crypto Angel such as Rune Christensen (Sky / Makedao Founder), Andre Cronje (founder of Sonic and Yenn), Stani Kulechov (Founder of Aave), Mark Phillips (Cofendor of Stewechov) and Sam Macphon), Mark Phillips (Cofendor of Steakhhouse) and Sam Macphon (Co-Fond) Phoenix Labs).
Chronicle works as an Oracle network, offering real -time data verification for token financial products. It has treated more than $ 20 billion in total guaranteed value (TVS) since its launch in 2017 and has expanded its infrastructure to meet growing demand. The company recently deployed its “verified asset oracle”, which guarantees the authenticity of off -chain active ingredients for transmitters such as centrifugal, superstate and M ^ 0.
“While banks and asset managers accelerate tokenization initiatives, Chronicle’s confidence data infrastructure offers the capacity for reliability and compliance these institutions need,” said Thomas Klocanas, general partner of Strobe Ventures.
The demand for tokenization of real assets (RWA) increases, while world banks and asset managers are increasingly using blockchain rails to move traditional financial instruments. Tokenized assets could become a market of several dollars by 2030, reports that McKinsey, Boston Consulting Group and others projected.
Chronicle aims to exploit this increase in demand by integrating out-based data with blockchain assets by guaranteeing data security, auditability and profitability thanks to a network of validators, including established financial data suppliers and native crypto-native organizations such as Sky, formerly Makerdao.
The company said that it would use the new capital to advance product development, expand partnerships and strengthen compliance measures, strengthening its bridge role between traditional finances and digital assets.
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