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.