Chronicle Powers Grove Protocol’s $1B Tokenized Credit Push as Oracles Evolve Beyond Price Feeds
Chronicle, a leading oracle infrastructure provider, has been appointed the exclusive data partner for Grove Protocol, a newly launched institutional credit platform allocating $1 billion to tokenized real-world assets (RWAs).
Grove, part of the Sky ecosystem—where each platform is called a “Star”—debuted in June with a focus on tokenized collateralized loan obligations (CLOs), including exposure to the Janus Henderson Anemoy AAA CLO strategy via Centrifuge. Its mission is to merge DeFi efficiency with traditional credit market scale.
In an interview with CoinDesk, Chronicle founder Niklas Kunkel said the role of oracles is expanding rapidly beyond basic price feeds.
“Oracles have long been boxed into price delivery, but we’re now seeing them applied to real-time risk management and regulatory context,” Kunkel explained. “This is vital for RWAs, which don’t inherently exist on-chain and require contextual data to support transparency and compliance.”
He added that tokenized assets represent a multi-trillion-dollar opportunity, and oracles will play a central role in enabling institutional confidence in this growing sector.
“Where traditional finance relies on quarterly filings, DeFi operates in real time,” Kunkel said. “Oracles can fill this gap, and I believe regulators will increasingly turn to them as regtech tools.”
Chronicle’s partnership with Grove is part of its broader strategy to lead the oracle segment for tokenized asset markets—an area Kunkel sees potentially eclipsing traditional DeFi in scale and importance.
Market Highlights
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