Blockchain Data Provider Chronicle Raises $12M to Expand Infrastructure for Tokenized Assets

Chronicle, a blockchain data provider specializing in tokenized assets, has recently secured $12 million in a seed funding round. The funding was spearheaded by Strobe Ventures, previously known as BlockTower Capital, with additional support from Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, and Fenbushi Capital. Notable crypto angel investors, including Rune Christensen, Andre Cronje, Stani Kulechov, Mark Phillips, and Sam MacPherson, also participated in the funding round.

As an oracle network, Chronicle offers real-time data verification for tokenized financial products. Since its inception in 2017, the company has processed over $20 billion in total value secured (TVS) and is now expanding its infrastructure to meet the growing demand. One of its recent innovations is the “Verified Asset Oracle,” which ensures the authenticity of off-chain assets for issuers like Centrifuge, Superstate, and M^0.

“With banks and asset managers ramping up their tokenization efforts, Chronicle’s trusted data infrastructure provides the reliability and compliance capabilities that these institutions require,” stated Thomas Klocanas, general partner at Strobe Ventures.

The demand for real-world asset (RWA) tokenization is on the rise, as global banks and asset managers increasingly utilize blockchain technology for traditional financial instruments. Reports from McKinsey, Boston Consulting Group, and others project that tokenized assets could become a multitrillion-dollar market by 2030.

In response to this growing demand, Chronicle aims to integrate off-chain data with blockchain-based assets to ensure data security, auditability, and cost-efficiency through a network of validators. This network includes established financial data providers and crypto-native organizations like Sky, formerly known as MakerDAO.

The $12 million in funding will be used to further develop products, expand partnerships, and enhance compliance measures. Chronicle aims to solidify its position as a bridge between traditional finance and digital assets, catering to the evolving needs of the financial industry.

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