Credbull Secures $5.2 Million Funding to Democratize Onchain Private Credit

Credbull, an innovative onchain private credit fund manager, announced the successful completion of a $5.2 million funding round aimed at democratizing access to private credit markets through blockchain technology. The funding round was led by GnosisVC, with significant contributions from Outlier Ventures, HODL Ventures, LucidBlue Ventures, CryptoHedge, Marcello Mari (Founder of SingularityDAO), and other strategic investors.

Credbull's platform, developed by experts from both Web2 and Web3 giants like McKinsey, BlackRock, and UBS, offers institutional-grade Real World Asset (RWA) solutions to the native Web3 community. This initiative not only increases liquidity within the Web3 industry but also attracts traditional finance (TradFi) investors, fostering a more integrated financial ecosystem.

GnosisVC's involvement underscores the strategic alignment and mutual benefits seen in Credbull's approach to the private credit and RWA sectors. Daniele Pinna, General Partner at GnosisVC, highlighted the investment as a testament to their commitment to projects that enhance the capital efficiency of Web3 liquidity to be on par with traditional financial investments. The partnership aims to leverage synergies across GnosisVC's portfolio, particularly in DAO treasury management, to support Credbull's growth.

Outlier Ventures, a leading global Web3 accelerator, also participated in the funding round, bringing extensive market insight and network connections to bolster Credbull's operations. HODL Ventures' involvement further extends Credbull's reach, particularly across European funds, positioning the company for accelerated growth in the digital asset landscape.

Jason Dehni, co-founder and CEO of Credbull, expressed enthusiasm over the strong support from leading investors, noting that the funding milestone validates their RWA strategy and propels them towards expanding their product offerings and market presence.

The announcement follows Credbull's recent partnership with Plume Network and Centrifuge, where Plume committed $10 million in Total Value Locked (TVL) from its capital providers into Credbull's onchain private credit fund. This collaboration highlights Credbull's capability to tokenize, structure, and distribute funds entirely onchain, marking a significant step in the evolution of private credit markets.

The $5.2 million raised will be utilized to enhance Credbull's platform, broaden its product suite, and strengthen its market position as a trusted provider of onchain private credit solutions. This development signifies an important shift in the private credit sector, emphasizing the role of blockchain technology in providing transparency and access to traditionally gated asset classes.

For more information about Credbull and its innovative approach to private credit on the blockchain, visit credbull.io.