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AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi

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Blockchain-agnostic platform allianceblock has signed a deal with crunchbase to bring traditional finance data into DeFi. Reporting by oknightcrypto.

AllianceBlock, a blockchain-agnostic platform designed to link traditional and decentralized finance , has signed a deal to add business data from Crunchbase to its ecosystem.

The deal is Crunchbase's first foray into the crypto market. The firm's data, which includes funding rounds as well as information on earnings, will initially be available to AllianceBlock’s Data Tunnel users. The tunnel is a tool that lets users publish, share and consume data in a variety of formats.

“The buying and selling of data is a multibillion dollar growth industry that shows no signs of slowing down," said Rachid Ajaja, CEO and co-founder of AllianceBlock."However, until now, decentralized and centralized data providers and users have operated in siloes, unable to interact."to offer institutional and retail investors a series of tokenized investment products.

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