New York-based startup Etherealize has announced a successful funding round, raising $40 million aimed at improving Ethereum's deployment in financial sectors.
Funding Acquisition
The funding round was led by Electric Capital and Paradigm, known players in crypto venture capital. Initial funding was also provided by Vitalik Buterin and the Ethereum Foundation.
Development Strategy
According to the firm, raised capital will be used to strengthen its position, expand operations, and refine the development approach. Etherealize aims to build zero-knowledge privacy infrastructure for tokenized asset trading and applications to enhance liquidity.
Growing Interest in Ethereum
Since its launch in January, Etherealize has collaborated with banks and financial institutions to shape product development, integrating new tokenized assets on Ethereum. Lately, Ethereum has shown increased appeal among investors, highlighted by significant inflows into spot investment funds.
Etherealize is actively advancing its collaboration with financial institutions, strengthening Ethereum's position as a key player in the future of finance.
