According to TechFlow, Credbull, which claims to be the "first licensed on-chain private credit fund", announced the completion of a $5.2 million financing. This round of financing was led by GnosisVC, with participation from strategic investors such as Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, and SingularityDAO's Marcello Mari.

Credbull was launched on the Polygon PoS blockchain in April this year, aiming to democratize private credit real-world asset (RWA) investment by connecting traditional finance and Web3. The project aims to break down the barriers between traditional finance and Web3 and provide a wider range of investors with the opportunity to participate in the private credit market.