TechFlow News — On March 25, according to Blockworks, Ethereum's first oracle protocol Chronicle has raised $12 million in a seed funding round led by Strobe (formerly Blocktower Venture Capital), with participation from Brevan Howard, 6th Man Ventures, and others.
Founded by Niklas Kunkel, a former core team member of MakerDAO (now Sky), Chronicle will use the funds for product development and research. Kunkel believes that within the next 12 to 18 months, as financial institutions grow increasingly interested in real-world assets, a wave of related products will launch. As the exclusive oracle for Sky’s tokenized assets, Chronicle is well-positioned to benefit.
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