Etherealize, a startup that began its operations in January 2025, announced the raising of $40 million in investments for the development of products and services based on the Ethereum blockchain. The company’s main goal is to facilitate the integration of Ethereum technologies into traditional financial institutions.
This is reported by Business • Media
Investors and Funding Structure
The leaders of the investment round were venture capital firms Electric Capital and Paradigm, joined by the Ethereum Foundation and one of the co-founders of Ethereum, Vitalik Buterin. It is known that these organizations had previously supported Etherealize by providing it with a grant. According to CEO and co-founder Vivek Raman, the investments include not only an equity stake in the company but also warrants for tokens.
“Traditional institutions do not have teams capable of navigating all the internal procedures for implementing blockchain technologies,” said Vivek Raman.
Company Mission and Innovative Solutions
The Etherealize team, consisting of 14 employees, is focused on creating infrastructure solutions for the financial sector. Instead of directly promoting blockchain solutions, the company develops products that are intended to gradually replace outdated tools such as phone calls or faxes.
One of Etherealize’s main areas of work is the tokenization of fixed-income assets. Specifically, this involves converting financial instruments like mortgage loans and bonds into blockchain format. This will enhance transparency and efficiency in asset management for banks and other financial institutions.
Company leader Vivek Raman has significant experience working at leading banks such as Morgan Stanley, UBS, and Deutsche Bank, which contributes to a better understanding of the needs of traditional financial players.
It was previously reported that Kite AI, a company developing decentralized infrastructure for artificial intelligence, also raised $18 million in a Series A funding round.