TechFlow reports that Credbull, claiming to be the "first licensed on-chain private credit fund," has announced the completion of a $5.2 million funding round. The round was led by GnosisVC, with participation from strategic investors including Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari of SingularityDAO.
Launched in April on the Polygon PoS blockchain, Credbull aims to democratize investment in private credit real-world assets (RWA) by bridging traditional finance and Web3. The project seeks to break down barriers between traditional finance and Web3, providing broader investor access to private credit markets.
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