“Blockchain Oracles Like Chronicle Are Piece of Infrastructure to Connect Blockchain-Based Assets with Off-Chain Data.”, – WRITE: www.coindesk.com
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, Alongside Notable Crypto Angel Investors Such as Rune) Cronje (Founder of Sonic and Yearn), Stani Kulechov (Founder of Aave), Mark Phillips (Co-FOUNDER OF STEAKHOOUSE) and SAM MacPherson (Co-Funder of Phoenix.
Chronicle Operates As An Oracle Network, Offering Real-Time Data Verification for Tokenized Financial Products. IT HAS PROCESSED MORE THAN $ 20 Billion in Total Value Secured (TVS) Since ITS LAUNCH IN 2017 AND IS EXPANDING ITS INFRASTCTURE TO MEET RISING DEMAND. The Company Recently Rolled Out ITS “Verified Asset Oracle,” WHICH ENSures of the Authenticity of Off-Chain Assets for Issuers Such As Centrifuge, Superstate and M^0.
“As Banks and Asset Managers Accelerate Tokenization Initiatiats, Chronicle’s Trusted Data Infrastructure Provides of Reliability and Compliance Capability TESESE, RECSEA, RELIAL Partner at Strobe Ventures.
The DEMAND FOR REAL-WORLD Asset (RWA) Tokenization is Rising, As Global Banks and Asset Managers IncreAASING Use Blockchain Rails for Moving Traditional Financial Instruments. Tokenized Assets Could Become a Multitrillion-Dollar Market by 2030, Reports by McKinsey, Boston Consulting Group and more Projected.
Chronicle Aims to Tap Into that Rising Demand by Integrating Off-Chain Data with Blockchain-Based Assets by Enseming Data Security, Auditability and Cost-Efficiency Thugh. Establized Financial Data Providers and Crypto-Native Organizations Like Sky, Formerly Makerdao.
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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