PANews reported on December 23 that the on-chain luxury watch trading market Kettle announced the completion of a $4 million financing round, led by ParaFi Capital, with strategic investors including Zee Prime Capital, Kronos, Signum Capital, IOSG Ventures, and Puzzle Ventures. The funds will be used to build the RWA platform.
According to reports, Kettle is a peer-to-peer marketplace where users can trade based on the full financial value of luxury watches. Kettle claims that the watches on its platform are insured and stored in the Kettle Vault in New York.