Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says
The post Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says appeared on BitcoinEthereumNews.com. Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Chronicle, the oracle infrastructure provider powering secure, scalable onchain financial data, has been named the exclusive partner to Grove Protocol, an institutional-grade credit platform with a $1 billion tokenized asset allocation strategy. Grove, part of the Sky ecosystem known as a ‘Star’, the name Sky uses for units in its network, launched in June with a $1 billion allocation to tokenized collateralized loan obligations such as the Janus Henderson Anemoy AAA CLO Strategy on Centrifuge, aiming to bridge DeFi and traditional credit markets by giving protocols and asset managers access to diversified, institutional-grade yields. Niklas Kunkel, Chronicle’s founder, said in an interview with CoinDesk that oracles have evolved beyond their early role as simple price feeds. “They started as general data distribution mechanisms and got really siloed into just prices for however many years, to the point where if you say Oracle to anyone in crypto, they immediately think of the thing that gives you a price,” he told CoinDesk. “It wasn’t until recently that that mold is finally being shed and people are starting to understand how important data and context can be and how that can be leveraged in a risk management type of way.” Kunkel sees tokenized assets as DeFi’s next major growth engine, describing them as a “multi-trillion dollar liquidity injection opportunity” as the sector looks beyond BTC and ETH. “RWAs are not crypto native, so the risk management around them needs to be much more scrutinized,” he continued. “Everything is not on chain, and so where oracles really fill that gap…
The post Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says appeared on BitcoinEthereumNews.com.
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Chronicle, the oracle infrastructure provider powering secure, scalable onchain financial data, has been named the exclusive partner to Grove Protocol, an institutional-grade credit platform with a $1 billion tokenized asset allocation strategy. Grove, part of the Sky ecosystem known as a ‘Star’, the name Sky uses for units in its network, launched in June with a $1 billion allocation to tokenized collateralized loan obligations such as the Janus Henderson Anemoy AAA CLO Strategy on Centrifuge, aiming to bridge DeFi and traditional credit markets by giving protocols and asset managers access to diversified, institutional-grade yields. Niklas Kunkel, Chronicle’s founder, said in an interview with CoinDesk that oracles have evolved beyond their early role as simple price feeds. “They started as general data distribution mechanisms and got really siloed into just prices for however many years, to the point where if you say Oracle to anyone in crypto, they immediately think of the thing that gives you a price,” he told CoinDesk. “It wasn’t until recently that that mold is finally being shed and people are starting to understand how important data and context can be and how that can be leveraged in a risk management type of way.” Kunkel sees tokenized assets as DeFi’s next major growth engine, describing them as a “multi-trillion dollar liquidity injection opportunity” as the sector looks beyond BTC and ETH. “RWAs are not crypto native, so the risk management around them needs to be much more scrutinized,” he continued. “Everything is not on chain, and so where oracles really fill that gap…
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