The startup Etherealize, which began operations in January 2025, has secured $40 million in funding to create Ethereum-based infrastructure tailored to the needs of traditional financial institutions.
This is reported by Finway
Leading Investors and Participants in the Round
The funding round was led by venture capital firms Electric Capital and Paradigm. The Ethereum Foundation and Vitalik Buterin, who previously provided a grant to the project, also participated in the investment. As noted by Etherealize’s CEO and co-founder Vivek Raman, the funds will be used for both equity investments in the company and warrants for tokens.
Blockchain Integration Strategy in Finance
The Etherealize team consists of 14 specialists developing solutions for integrating Ethereum technology into the daily operations of financial organizations. Instead of directly offering blockchain products, the startup creates tools designed to replace traditional, often outdated methods of communication and data processing — from phone calls to fax messages.
“Traditional institutions lack teams capable of navigating all internal procedures for implementing blockchain technologies,” says Vivek Raman, who has experience working at Morgan Stanley, UBS, and Deutsche Bank.
One of Etherealize’s key development areas is the tokenization of fixed-income assets, including mortgage loans and bonds, which will enable their conversion to a blockchain format and enhance the efficiency of financial operations.
Interest in implementing blockchain in the traditional financial sector continues to grow. Recently, Kite AI, a company specializing in decentralized infrastructure for artificial intelligence, also raised significant investment to develop its technologies.