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

Blockchain data provider Chronicle raises $12 million to expand its tokenized asset infrastructure

Blockchain oracles like Chronicle play an important role in the infrastructure that connects blockchain-based assets with off-chain data.

Christian Sandor, AI Boost | Edited by Steven Alpher , 25 Mar 2025 18:56 UTC

What you need to know:

• Chronicle, a blockchain data company, has raised $12 million in a seed funding round led by Strobe Ventures.
• The organization operates as an oracle network, providing real-time data verification for tokenized financial products, and intends to use the new funds to accelerate product development, expand partnerships, and strengthen compliance efforts.
• With the tokenization of real-world assets expected to become a trillion-dollar market, Chronicle aims to solve the problem of integrating off-chain data with blockchain-based assets.

Tokenized asset specialist Chronicle announced on Tuesday that it has raised $12 million in a seed funding round.

The investment was led by Strobe Ventures, formerly known as BlockTower Capital. Other investors include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, and Fenbushi Capital, as well as well-known crypto investors such as Rune Christensen (founder of Sky/MakerDAO), Andre Cronje (founder of Sonic and Yearn), Stani Kulekhov (founder of Aave), Mark Phillips (co-founder of Steakhouse), and Sam McPherson (co-founder of Phoenix Labs).

Chronicle operates as an oracle network, offering real-time data verification for tokenized financial products. Since its launch in 2017, it has processed over $20 billion in total value of backed assets (TVS) and is expanding its infrastructure to meet growing demand. The company recently unveiled its “Verified Asset Oracle,” which provides off-chain asset verification for issuers like Centrifuge, Superstate, and M^0.

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“As banks and asset managers accelerate their tokenization initiatives, Chronicle’s robust data infrastructure provides the reliability and compliance these institutions need,” said Thomas Klokanas, General Partner at Strobe Ventures.

Demand for tokenization of real-world assets (RWAs) is growing as global banks and asset managers increasingly turn to blockchain rails to move traditional financial instruments. Tokenized assets could become a multi-trillion dollar market by 2030, according to forecasts from McKinsey, Boston Consulting Group, and others.

Chronicle aims to meet this growing demand by integrating off-chain data with blockchain-based assets, providing data security, auditability, and cost efficiency through a network of validators, including reputable financial data providers and crypto organizations such as Sky (formerly MakerDAO).

The company said it plans to use the new funds to accelerate product development, expand partnerships and strengthen compliance measures, strengthening its role as a bridge between traditional finance and digital assets.

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