Ethereum infrastructure company Etherealize completes $40 million financing, led by Electric Capital and Paradigm

reports that the Ethereum infrastructure startup Etherealize has announced the completion of a $40 million funding round, led by Electric Capital and Paradigm, with initial funding support from Ethereum founder Vitalik Buterin and the Ethereum Foundation.

The company was founded in January 2025 by Vivek Raman, a former senior executive at Morgan Stanley and Deutsche Bank, with the aim of developing Ethereum blockchain products and infrastructure for Wall Street financial institutions. Etherealize plans to utilize blockchain technology to tokenize financial assets such as mortgages, credit, and fixed income, replacing the "Stone Age technology" still in use on Wall Street today.