Credbull, a pioneering onchain private credit fund manager, has announced the successful conclusion of a $5.2 million funding round. The initiative, led by GnosisVC and supported by investors such as Outlier Ventures, HODL Ventures, LucidBlue Ventures, and others, aims to democratize access to Real World Assets (RWA) through blockchain technology.
Credbull's innovative platform is designed to serve the broader Web3 community with institutional-grade RWA solutions, thereby increasing overall liquidity by attracting traditional finance (TradFi) investors. The company's seasoned leadership team, which includes experts from McKinsey, BlackRock, UBS, and leading crypto custodians, underscores its capability to bridge the gap between traditional finance and the burgeoning Web3 sector.
Daniele Pinna, General Partner at GnosisVC, elaborated on the strategic importance of this investment. He emphasized that Credbull's approach combines traditional private credit offerings with Web3 technologies, aiming to expand the capital efficiency of Web3 liquidity to match traditional financial investments. GnosisVC's support reflects its dedication to backing top-tier projects that enhance capital efficiency and liquidity in the Web3 ecosystem.
Outlier Ventures, a leading global Web3 accelerator, also participated in the funding round. Their involvement brings invaluable network and market insights to Credbull, further solidifying its position as a trailblazer in onchain private credit solutions. HODL Ventures, known for its strong institutional exposure and extensive connections across European funds, will enhance Credbull’s market reach and growth trajectory in the digital asset landscape.
Jason Dehni, co-founder and CEO of Credbull, expressed enthusiasm over the funding milestone. He remarked that the strong support from leading investors and partners validates Credbull’s RWA strategy and propels the company toward expanding its product offerings and market presence. This funding round follows Credbull's recent partnership with Plume Network and Centrifuge, during which Plume committed $10 million in Total Value Locked (TVL) into Credbull’s onchain private credit fund.
The newly secured funds will be used to enhance Credbull's platform capabilities, broaden its product suite, and strengthen its market position. This development aims to make high-performing, risk-adjusted yield solutions in the private credit sector more accessible and transparent, benefiting both Web3 and TradFi investors.
Credbull’s innovative approach to private credit on the blockchain is poised to revolutionize the sector. By leveraging blockchain technology to offer full transparency and high yield solutions, Credbull is setting a new standard for investment opportunities in both the Web3 and traditional finance landscapes.
