Nassau, Bahamas, Aug. 22, 2024 (GLOBE NEWSWIRE) — 
Credbull, the pioneering onchain private credit fund manager, is pleased to announce the successful closing of its $5.2 million funding round to further accelerate investor access to a sought-after and gated asset class in RWA. The round is led by GnosisVC, with participation from Outlier Ventures, HODL Ventures, LucidBlue Ventures, CryptoHedge, Marcello Mari (founder of SingularityDAO), and other strategic investors.
Led by an experienced team comprising experts from Web2 and Web3 industry giants such as McKinsey, BlackRock, UBS, leading crypto custodians and Layer 1 firms, Credbull’s solution serves the broader native Web3 community with institutional-grade RWA solutions while increasing the overall liquidity of the Web3 industry by attracting TradFi investors.
GnosisVC, known for its market leadership in Web3 solutions, recognized Credbull’s innovation in the Real World Asset (RWA) space and the synergies it offers across its entire portfolio of companies, including DAO Treasury Management. This strategic alignment underscores GnosisVC’s confidence in Credbull’s strategic approach to serve the broader native Web3 community with institutional-grade RWA solutions and increase the overall liquidity of the Web3 industry by attracting TradFi investors.
“At GnosisVC, we are proud to lead Credbull’s funding round as they are redefining the private credit and RWA sectors through blockchain technology, providing access and transparency in this dynamic asset class. Credbull stands out as a unique value opportunity that combines traditional private credit product offerings and Web3. This investment underscores our commitment to backing best-in-class projects that increase capital efficiency of Web3 liquidity on par with traditional financial investments. We are excited to partner with Credbull, leverage our existing portfolio synergies, and support them in continuing to drive industry growth and expand their market presence,” said Daniele Pinna, General Partner.
Another notable participant in the round is Outlier Ventures, the world’s leading Web3 accelerator, which brings valuable network and market expertise to Credbull’s operations and growth strategy. Their participation reinforces Credbull’s position as a pioneer in onchain private lending solutions. HODL Ventures, with its strong institutional presence and extensive connections with European funds, expands Credbull’s market reach and positions the company for accelerated growth in the evolving digital asset landscape.
“We are thrilled to have closed our funding round with such strong support from leading investors and partners who share our vision to transform the private lending sector through blockchain technology,” said Jason Dehni, co-founder and CEO of Credbull. “This funding milestone not only validates our RWA strategy, but also drives us to expand our product offering and market presence.”
This announcement follows Credbull’s recent partnership with Plume Network and Centrifuge, which saw Plume contribute $10 million in total value locked (TVL) from its backers to Credbull’s on-chain private lending fund.
Credbull aims to use its $5.2 million funding round to enhance its platform’s capabilities, expand its product range, and strengthen its market position as a trusted provider of on-chain personal lending solutions.
To learn more about Credbull and its innovative approach to private lending on the blockchain, visit credbull.io.
About Credbull: Credbull is the first licensed onchain private credit fund manager revolutionizing access to institutional-grade private credit and RWA through blockchain technology. By offering risk-adjusted high-yield solutions and access to a high-performing asset class with full transparency, Credbull provides innovative investment solutions to both Web3 and TradFi investors.
Contact: Tavia Wong (CMO)
tavia(at)credbull.io
Disclaimer: The information provided in this press release does not constitute a solicitation to invest, nor is it intended to be investment advice, financial advice, or trading advice. It is strongly recommended that you conduct due diligence, including consulting a professional financial advisor, before investing in or trading any cryptocurrencies and securities.
