Chronicle Teams Up With Grove Protocol to Power $1B Tokenized Credit Market
Chronicle, a leading oracle infrastructure provider for decentralized finance, has been named the exclusive data partner for Grove Protocol, an institutional-grade onchain credit platform managing a $1 billion allocation in tokenized real-world assets.
Launched in June, Grove is part of the Sky ecosystem, where each platform unit is referred to as a “Star.” Its debut strategy includes exposure to tokenized collateralized loan obligations (CLOs), such as the Janus Henderson Anemoy AAA CLO Strategy on Centrifuge. The initiative aims to open access to institutional-grade yields for both DeFi protocols and traditional asset managers.
Speaking to CoinDesk, Chronicle founder Niklas Kunkel emphasized that oracles are no longer limited to simple price feeds.
“People used to associate oracles only with pricing data, but that’s changing,” Kunkel said. “They’re evolving into tools for real-time, risk-aware data processing, which is critical for complex credit systems and tokenized markets.”
According to Kunkel, the rise of tokenized real-world assets (RWAs) represents the next major catalyst for DeFi growth—potentially unlocking trillions in capital. However, he stressed that RWAs require a more sophisticated risk framework, especially since much of the data sits off-chain.
“That’s where oracles come in—adding context, trust, and transparency,” Kunkel explained. “They fill the gap between blockchain’s deterministic environment and real-world financial behavior.”
He also suggested that oracles could play a central role in regulatory technology.
“In traditional finance, compliance is driven by quarterly reporting,” he said. “In DeFi, we demand real-time finality. Once regulators understand that oracles can automate and enforce compliance in real time, they’ll likely become some of the biggest users.”
With its exclusive deal with Grove Protocol, Chronicle is doubling down on its strategy to lead the market in tokenized asset data infrastructure—an area Kunkel believes could soon surpass DeFi in scale.
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