Tare Funding Raises $13.25M For Onchain Credit Platform
RWA Signal Insight
Private CreditBrooklyn-based fintech Tare Funding has successfully raised $13.25 million in a seed funding round led by Blockchain Capital to develop onchain private credit infrastructure. The round included participation from institutional players such as Janus Henderson, Strobe Ventures, and the Avalanche Foundation. Unlike platforms focused solely on tokenizing existing investment products, Tare aims to build a comprehensive system for loan origination, servicing, and capital market operations on the Avalanche blockchain. By creating a shared, immutable loan record, the platform seeks to minimize administrative reconciliation and fragmentation within the credit industry. The company, co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, operates through Tare Credit LLC to maintain compliance with state lending requirements. This development is significant for the RWA market as it shifts the focus from simple asset tokenization toward the modernization of the underlying financial plumbing for private credit. The involvement of Janus Henderson underscores a growing institutional appetite for blockchain-based solutions that improve data transparency and settlement efficiency in credit markets.
Key points
- Tare Funding raised $13.25 million in a seed round led by Blockchain Capital.
- The platform utilizes the Avalanche blockchain to automate loan servicing and accounting.
- Tare Credit LLC operates as a licensed lender to ensure regulatory compliance.
- Janus Henderson participated in the round as part of its ANTIK blockchain initiative.
Background
Private credit involves non-bank lending to businesses, typically characterized by bespoke terms and manual, paper-heavy administrative processes. Onchain private credit platforms aim to replace these legacy systems with blockchain-based ledgers, which provide real-time data visibility, automated payment flows, and reduced settlement times for lenders and borrowers.