Golden Finance reported that Credbull launched the so-called "first licensed on-chain private credit fund" on the Polygon PoS blockchain in April and announced a $5.2 million financing led by GnosisVC, with strategic participation from Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, Marcello Mari (SingularityDAO) and other companies. According to the team, "Credbull aims to democratize private credit RWA investment by connecting traditional finance with Web3."