On-chain private credit fund Credbull has completed a $5.2 million financing round, led by GnosisVC.

according to Coindesk, the on-chain private credit fund Credbull has announced the completion of a $5.2 million financing round. This round was led by GnosisVC, with participation from strategic investors such as Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari from SingularityDAO.

Credbull claims to be the "first licensed on-chain private credit fund protocol," launched in April this year on the Polygon PoS blockchain, aiming to democratize private credit investments in real-world assets (RWA) by bridging traditional finance and Web3. The project's goal is to break down the barriers between traditional finance and Web3, providing a wider range of investors with the opportunity to participate in the private credit market.