Chronicle, a blockchain data provider focusing on tokenized assets, announced on Tuesday that it has collected $ 12 million in a seed financing round.
The investment was led by Strobe Ventures, formerly known as Blocktower Capital. Other backers include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital and Fenbushi Capital, along with remarkable cryptoengelinvestors such as Rune Christensen (Sky/Makerdao founder), Andre Cronje (founder of Sonic and Lapehouse), Stani Kulechov (founder of Aave), Markus of Phoenix Labs).
Chronicle acts as an Oracle network and offers real-time data verification for tokenized financial products. It has treated more than $ 20 billion in the total value of the total (TVS) since the launch of 2017 and is expanding its infrastructure to meet the rising demand. The company recently rolled its “verified active oracle” out “, ensuring the authenticity of assets outside the chain of issuers such as centrifuge, superstate and m^0.
“As banks and asset managers accelerate tokenization initiatives, Chronicle’s trusted data infrastructure provides reliability and adherence to these institutions,” said Thomas Klocanas, general partner at Strobe Ventures.
Demand for the real world (RWA) tookenization is rising as global banks and asset managers are increasingly using blockchain rails to move traditional financial instruments. Tokenized assets could become a market for multitrillion dollar by 2030, reports from McKinsey, Boston Consulting Group and others projected.
Chronicle aims to utilize the rising demand by integrating off-chain data with blockchain-based assets by ensuring data security, auditing and cost-effectiveness through a network of validators, including established financial data providers and crypto-native organizations such as Sky, former Makerdao.
The company said it will use the new capital to promote product development, expand partnerships and strengthen compliance measures, strengthening its role as a bridge between traditional financing and digital assets.
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