Etherealize raises $40 million to expand Wall Street's use of Ethereum

Etherealize, a startup launched in early 2025, has raised $40 million to build products and infrastructure on Ethereum for financial institutions. Electric Capital and Paradigm led the round, and Vitalik Buterin and the Ethereum Foundation also helped fund the company with an initial grant. CEO Vivek Raman said the raise was for equity and token warrants, and that the company is focused on onboarding Wall Street institutions while the current regulatory window remains open. The company plans to tokenize assets such as mortgages, credit, and fixed-income products, which Raman says would be a major improvement over current trading and settlement methods.