Credbull, an on-chain private credit fund, has completed a $5.20 million financing round.

Credbull, an on-chain private credit fund, announced the completion of a $5.20 million financing. The funding round was led by GnosisVC, with strategic investors including Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and Marcello Mari from SingularityDAO participating. Credbull claims to be the first licensed on-chain private credit fund protocol, launched on the Polygon PoS blockchain in April this year. (CoinDesk)