In a significant development for the blockchain and financial verification sectors, Accountable has successfully raised $7.5 million in a funding round led by Pantera Capital. This round has drawn participation from notable investors, including OKX Ventures, Onigiri Capital, KPK, and Auros. The infusion of capital will facilitate the expansion of Accountable’s team to accommodate increasing institutional demand and expedite the advancement of its Data Verification Network (DVN). The funding will also support the deployment of institutional products such as advanced Proof of Reserves and Vault-as-a-Service.
The lending landscape has undergone rapid transformation, with on-chain borrowing surpassing $41 billion this year, according to Galaxy Research. However, the recent USDe depeg has brought to light the inherent risks tied to this growth, highlighting the pressing need for real-time visibility into the solvency of financial entities. Traditional systems generally depend on delayed audits and self-reported data, which can fail during market stress. Accountable aims to solve this by providing a sophisticated Proof of Reserves framework that ensures the real-time verification of assets and liabilities without revealing sensitive information.
Nihal Maunder, a Partner at Pantera Capital, emphasized the urgency of establishing real-time solvency verification, stating that previous failures in crypto finance, such as Celsius and FTX, stemmed from a lack of accessible, real-time data. He noted that while Proof of Reserves represents a positive starting point, institutions require comprehensive visibility into both assets and liabilities. Accountable’s approach, which has already verified assets exceeding a billion dollars within a short span, is poised to become a standard akin to HTTPS for internet security.
Wojtek Pawlowski, Co-founder and CEO of Accountable, articulated the company’s vision of transforming financial verification into a standard procedure, stating: “The black-box era is over. From now on, capital will move on proof, not promises.” He highlighted that the new funding will enhance engineering efforts and forge partnerships to institutionalize continuous verification across various markets, including tokenized treasuries and trading strategies.
Since its inception just two years ago, the DVN has validated over $1 billion in assets for clients such as Galaxy, Amber Group, and K3 Capital. As demand for real-time verification surges, the firm is working to integrate its services into structured credit strategies, stablecoins, and on-chain treasuries, collaborating with fund administrators to weave continuous verification into everyday operations.
Investors view Accountable as a pioneer in the field of real-time financial verification, recognizing its potential relevance for both blockchain-centric companies and traditional financial institutions seeking trustworthy verification mechanisms. “Accountable’s approach brings the benefits of blockchain into financial services, setting the foundation for greater institutional adoption,” remarked Qin En Looi, Managing Partner at Onigiri Capital.
Dora Yue, the Founder of OKX Ventures, echoed this sentiment, noting the importance of the company’s technology in facilitating scalable institutional adoption. She underscored that Accountable’s offerings, like the advanced Proof of Reserves framework and Vault-as-a-Service, not only promote compliance but also enhance capital efficiency and support under-collateralized lending.
This latest funding round follows Accountable’s $2.3 million seed round in 2024 and arrives shortly after the launch of the YieldApp testnet in September 2025. This innovative platform is built atop the DVN and aims to become the first marketplace for verifiable yield, connecting opportunities from borrowers, trading desks, and structured credit providers. A mainnet launch is anticipated in Q4 2025, positioning Accountable to capitalize on a multi-billion-dollar market that demands verified yield opportunities.
Accountable presents a new paradigm in real-time financial verification, allowing institutions to demonstrate their financial health while maintaining privacy. Their technology is designed to cater to the needs of both traditional and crypto-native markets, utilizing the DVN to provide a robust verification framework that keeps sensitive information secure.
As institutional investors continue to recognize the need for trustworthy financial verification mechanisms, Accountable is poised to lead in this evolution, setting the stage for a more transparent and secure financial landscape.
