Tare Funding Raises $13.25M For Onchain Credit Platform
Brooklyn-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.
