Blockchain data provider Chronicle raises $12M to expand its infrastructure for tokenized assets, poised to tap into the multitrillion-dollar real-world asset tokenization market by 2030.
Blockchain Data Provider Chronicle Raises $12M to Expand Infrastructure for Tokenized Assets
The Rise of Real-World Asset Tokenization
The demand for real-world asset (RWA) tokenization is growing rapidly, driven by global banks and asset managers increasingly using blockchain rails for moving traditional financial instruments. McKinsey, Boston Consulting Group, and other reports project that tokenized assets could become a multitrillion-dollar market by 2030.
Tokenized assets are digital representations of physical or intangible items, such as real estate, art, or collectibles.
They are created by dividing the asset into smaller units, called tokens, which can be traded on online platforms.
This process, known as tokenization, allows for increased liquidity and accessibility to previously illiquid assets.
Tokenized assets can also provide additional benefits, including improved security, reduced counterparty risk, and enhanced transparency.
Chronicle’s Solution
Chronicle, a blockchain data provider focused on tokenized assets, aims to tap into this rising demand by integrating off-chain data with blockchain-based assets. The company operates as an oracle network, providing real-time data verification for tokenized financial products. It has processed over $20 billion in total value secured (TVS) since its launch in 2017 and is expanding its infrastructure to meet growing demand.
Verification of Off-Chain Assets
Chronicle recently rolled out its ‘Verified Asset Oracle,’ which ensures the authenticity of off-chain assets for issuers such as Centrifuge, Superstate, and M^0. This oracle network includes established financial data providers and crypto-native organizations like Sky, formerly MakerDAO, to ensure data security, auditability, and cost-efficiency.
Strengthening Compliance Measures
The company will use the new capital to advance product development, expand partnerships, and strengthen compliance measures, reinforcing its role as a bridge between traditional finance and digital assets. As banks and asset managers accelerate tokenization initiatives, Chronicle‘s trusted data infrastructure provides the reliability and compliance capability these institutions require.
Key Partnerships and Investors
Chronicle has secured funding from notable investors such as Strobe Ventures, formerly known as BlockTower Capital, Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, Rune Christensen (Sky/MakerDAO founder), ‘Andre Cronje (founder of Sonic and Yearn)’, ‘Stani Kulechov (founder of Aave)’, ‘Mark Phillips (co-founder of Steakhouse)’, and ‘Sam MacPherson (co-founder of Phoenix Labs)‘.
