Chronicle, a leading blockchain data provider specializing in tokenized assets, has successfully raised $12 million in a seed funding round led by Strobe Ventures (formerly BlockTower Capital). The funding round also saw participation from prominent investors such as Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, and renowned crypto angel investors including Rune Christensen (founder of MakerDAO), Andre Cronje (founder of Sonic and Yearn), Stani Kulechov (founder of Aave), Mark Phillips (co-founder of Steakhouse), and Sam MacPherson from Phoenix Lab.
Driving Tokenized Asset Adoption with Verified Data:
Founded in 2017, Chronicle operates as a decentralized oracle network that provides real-time, verifiable data for tokenized financial products. The company has processed over $20 billion in total value secured (TVS), highlighting its critical role in ensuring the authenticity and accuracy of data for blockchain-based asset management. As tokenization of real-world assets (RWAs) gains momentum, Chronicle is poised to become an essential infrastructure provider for this rapidly expanding sector, which is projected to grow into a trillion-dollar market over the next decade.
Expanding Infrastructure and Compliance Measures:
With the newly raised capital, Chronicle plans to accelerate its product development, strengthen partnerships, and improve compliance mechanisms. The company’s focus will be on expanding the adoption of tokenized assets by ensuring that off-chain data used to support these assets is accurate and secure. Chronicle recently launched its “Verified Asset Oracle,” a groundbreaking solution designed to verify the legitimacy of off-chain assets for major issuers such as Centrifuge, Superstate, and M^0. This innovation enables seamless integration between off-chain data and blockchain ecosystems, ensuring transparency and reliability for tokenized asset investors.
Addressing the Growing Demand for Tokenized Assets:
As the tokenization landscape evolves, Chronicle is positioned to address a major challenge faced by the industry – ensuring the seamless integration of off-chain data into blockchain-based asset structures. By providing a trusted and verifiable data layer, Chronicle empowers enterprises and financial institutions to tokenize assets with greater confidence, enhancing security, and reducing risks associated with asset misrepresentation.
Strategic Vision for the Future:
Chronicle’s vision is to become the foundational infrastructure provider for tokenized assets, supporting the growth of decentralized finance (DeFi) and traditional financial institutions looking to tokenize real-world assets. The funding will enable Chronicle to further solidify its position as a leader in the blockchain oracle space while advancing solutions that enhance trust, security, and efficiency for asset tokenization.
“With tokenization poised to reshape the financial industry, the demand for secure, verified data is greater than ever,” said Magnus Jones, Chief Technology Officer at Chronicle. “This funding allows us to advance our mission of delivering trusted infrastructure that bridges traditional finance with blockchain-powered ecosystems.”
About Chronicle:
Chronicle, founded in 2017, is a decentralized oracle network that provides real-time data verification and validation for tokenized financial products. The company has processed over $20 billion in total value secured (TVS) and continues to pioneer advancements in bridging off-chain data with blockchain-based asset management systems. Chronicle’s commitment to security and compliance has positioned it as a trusted partner for enterprises seeking to integrate tokenized assets into their financial operations.
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