Chronicle’s $12M Funding: A Tokenized Tale of Wealth and Whimsy!

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What to know:

  • Ah, Chronicle, that illustrious blockchain data provider, has managed to charm the wallets of investors, raising a princely sum of $12 million in a seed funding round, led by the ever-dashing Strobe Ventures.
  • This company, operating as an oracle network (not to be confused with a mystical fortune teller), provides real-time data verification for tokenized financial products. With this newfound treasure, they plan to advance product development, expand partnerships, and strengthen compliance measures—because who doesn’t love a good compliance measure? 😏
  • As the world flirts with the idea of real-world asset tokenization, projected to become a trillion-dollar market, Chronicle is poised to tackle the delightful challenge of integrating off-chain data with blockchain-based assets. A true romantic endeavor! 💔

On this fine Tuesday, Chronicle, that beacon of blockchain brilliance, has announced its latest conquest: a staggering $12 million in seed funding. The investment was led by Strobe Ventures, formerly known as BlockTower Capital—because who doesn’t love a good rebranding? Other illustrious backers include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, and Fenbushi Capital, alongside a veritable pantheon of crypto angel investors, such as Rune Christensen (the Sky/MakerDAO founder), Andre Cronje (the mastermind behind Sonic and Yearn), Stani Kulechov (the Aave architect), Mark Phillips (co-founder of Steakhouse—yes, you read that right), and Sam MacPherson (co-founder of Phoenix Labs). Quite the guest list! 🎉

Chronicle, in its oracle-like wisdom, offers real-time data verification for tokenized financial products. Since its inception in 2017, it has processed over $20 billion in total value secured (TVS)—a number that would make even the most stoic banker swoon. With the rising demand for its services, the company has recently unveiled its “Verified Asset Oracle,” ensuring the authenticity of off-chain assets for issuers such as Centrifuge, Superstate, and M^0. A veritable feast of verification! 🍽️

“As banks and asset managers gallop towards tokenization initiatives, Chronicle’s trusted data infrastructure provides the reliability and compliance capability these institutions require,” declared Thomas Klocanas, general partner at Strobe Ventures. A statement as bold as a peacock in full display! 🦚

The demand for real-world asset (RWA) tokenization is on the rise, as global banks and asset managers increasingly embrace blockchain rails for moving traditional financial instruments. Tokenized assets could blossom into a multitrillion-dollar market by 2030, according to the wise sages at McKinsey, Boston Consulting Group, and others. A future ripe with possibilities! 🌟

Chronicle, ever the opportunist, aims to seize this burgeoning demand by integrating off-chain data with blockchain-based assets, ensuring data security, auditability, and cost-efficiency through a network of validators, including established financial data providers and crypto-native organizations like Sky, formerly MakerDAO. A match made in digital heaven! 💖

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2025-03-25 22:03