Etherealize Secures $40M to Onboard Wall Street to Ethereum
Tokenizing Traditional Assets
Etherealize’s core mission is to modernize finance by tokenizing traditional assets like mortgages and bonds on the Ethereum blockchain. This process involves representing ownership rights to these assets as digital tokens, enabling greater efficiency, transparency, and accessibility. The company aims to provide Wall Street institutions with the tools they need to navigate and capitalize on the opportunities presented by decentralized finance (DeFi). The funding round was spearheaded by Electric Capital and Paradigm, prominent venture firms in the crypto space. Furthermore, Etherealize had previously received a grant from Vitalik Buterin, the co-founder of Ethereum, and the Ethereum Foundation, highlighting the project’s alignment with the Ethereum ecosystem’s vision.
With renewed interest in the crypto market from institutional players, Etherealize is positioned to play a crucial role in facilitating the adoption of Ethereum by traditional finance. By building tailored products and infrastructure, the startup aims to unlock the potential of blockchain technology for Wall Street, paving the way for a more efficient and interconnected financial landscape.
Keywords
Related Keywords: Etherealize, Ethereum, Wall Street, Funding, 40M, Cryptocurrency, Institutional Investment, Blockchain, Digital Assets
