Etherealize, a startup that focuses on building the necessary infrastructure for Wall Street institutions to embrace Ethereum, has raised $40 million in Series A funding, co-led by Electric Capital and Paradigm. This funding follows a previous grant from Vitalik Buterin and the Ethereum Foundation and will be utilized to enhance the development of zero-knowledge privacy systems, settlement engines, and applications aimed at tokenized fixed-income markets.
What to Know:
- Etherealize is targeting the creation of tools for private settlements and tokenization tailored for institutional clients.
- With expertise from Danny Ryan, a well-known figure in the Ethereum community, and Vivek Raman, a Wall Street trader, the firm is well-positioned to facilitate Ethereum’s adoption among institutions.
- This funding is timely, coinciding with increasing interest in Ethereum among major players such as BlackRock, which recently introduced a tokenized fund, and JPMorgan, which is advancing its Kinexys tokenization platform.
“This funding marks the beginning of the ‘Institutional Merge,’ upgrading traditional finance into a modern, safer, and more accessible system,” said co-founder Danny Ryan. Etherealize’s initiatives also focus on establishing Ethereum as a reserve asset for institutions and participating in regulatory dialogues in Washington, D.C.
Stay informed as Etherealize endeavors to become a key player in establishing Ethereum as a foundational element in institutional financial systems.
