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Etherealize Raises $40 Million to Build Ethereum Rails for Wall Street

Electric Capital and Paradigm lead a round that funds zero‑knowledge privacy, settlement engines and tokenized fixed‑income tools.

Overview

  • The financing was structured as equity plus token warrants and was co‑led by Electric Capital and Paradigm.
  • The company will use the capital to develop zero‑knowledge privacy systems, settlement engines, and applications for tokenized mortgages, credit and other fixed‑income assets.
  • Etherealize launched in early 2025 and previously received a grant from Vitalik Buterin and the Ethereum Foundation.
  • Co‑founder Danny Ryan described the push as an “Institutional Merge” to shift finance onto modern, globally accessible blockchain rails.
  • The startup is targeting institutional adoption as firms pilot tokenization, citing efforts such as BlackRock’s Ethereum‑based money market fund and JPMorgan’s Kinexys platform.