Etherealize, a startup developing an infrastructure to help Wall Street institutions to adopt Ethereum, raised 40 million dollars in series A series, co-directed by Electric Capital and Paradigme.
The new capital is based on a previous subsidy by Vitalik Buterin and the Ethereum Foundation and will help finance the thrust of etherealize to develop zero knowledge confidentiality systems, settlement engines and applications for token fixed income markets.
“This increase launches the institutional merger ”, improving institutional finances with modern, safer and more accessible rails worldwide,” the co-founder Danny Ryan, formerly of the Ethereum Foundation, said in an advertisement on Wednesday.
Etherealize’s efforts to supervise ETH as an institutional reserve ratio and participation in regulatory discussions on Capitol Hill complete recent institutional developments in Ethereum.
Blackrock has launched a monetary market fund in Tokenized on Ethereum, signaling support for the Blockchain-based assets, while the JPMorgan Kinexys platform is being reduced to the tokenization of real assets and USD payments on the channel.
With this funding, Ethealalize aims to accelerate the development of financial infrastructure which will make Ethereum the invisible backbone of institutional markets.
