Etherealize Raises $40M to Bring Ethereum to Wall Street

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By Jamie Crawley, AI Boost|Edited by Stephen Alpher

Sep 3, 2025, 3:23 p.m.

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  • Etherealize raised $40 million in a round led by Electric Capital and Paradigm to build private, settlement, and tokenization tools for institutions.
  • The firm is co-founded by Ethereum veteran Danny Ryan and Wall Street trader Vivek Raman, leveraging deep expertise to onboard institutions to Ethereum.
  • This comes amid growing institutional moves into Ethereum, including BlackRock’s tokenized fund and JPMorgan’s Kinexys tokenization platform.

Etherealize, a startup developing infrastructure to help Wall Street institutions adopt Ethereum, has raised $40 million in Series A funding, co‑led by Electric Capital and Paradigm.

The new capital builds on an earlier grant from Vitalik Buterin and the Ethereum Foundation and will help fund Etherealize’s push to develop zero‑knowledge privacy systems, settlement engines, and applications for tokenized fixed‑income markets.

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“This raise kicks off the ‘Institutional Merge’, upgrading institutional finance to modern, safer, globally accessible rails,” co-founder Danny Ryan, formerly of the Ethereum Foundation, said in an announcement on Wednesday.

Etherealize’s efforts to frame ETH as an institutional reserve asset and participation in regulatory discussions on Capitol Hill complement recent institutional developments on Ethereum.

BlackRock launched a tokenized money market fund on Ethereum, signaling support for blockchain-based asset issuance, while JPMorgan’s Kinexys platform is being ramped up for real‑world asset tokenization and on-chain USD payments.

With this funding, Etherealize aims to fast-track the development of financial infrastructure that will make Ethereum the unseen backbone of institutional markets.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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