Etherealize raised $40M to bring Wall Street onto Ethereum, with backing from Vitalik Buterin, Paradigm, Electric Capital, and the Ethereum Foundation. Built by ex-Wall Street veterans, it’s focused on tokenizing mortgages, credit, and fixed income at scale.

Etherealize, a New York- and Austin-based crypto infrastructure startup, has raised $40 million in a Series A round to build Ethereum-based settlement, tokenization, and privacy systems aimed specifically at large Wall Street institutions. The round, announced in early September 2025, was led by Paradigm and Electric Capital, and follows an earlier grant from Ethereum cofounder Vitalik Buterin and the Ethereum Foundation that funded initial market research with major financial institutions. The financing was structured as a combination of equity and token warrants, signaling both a traditional venture investment and an expectation of a future token component to the ecosystem. Founded in 2025 by Vivek Raman (CEO) along with cofounders including Danny Ryan, Grant Hummer, and Zach Obront, Etherealize targets what it describes as legacy “Stone Age” infrastructure on Wall Street, such as slow settlement cycles and fragmented back-office processes. The company is building an institutional settlement engine, tools for tokenized fixed-income and credit products (including mortgages and other fixed-income instruments), and zero-knowledge-based privacy systems designed to let large institutions transact on Ethereum while satisfying regulatory, custody, and confidentiality requirements. With a small team of around 14 employees at the time of the raise, the new capital is earmarked for scaling these institutional-grade products and expanding headcount as Etherealize works to onboard banks and other large financial players into Ethereum-based markets. Etherealize positions its work within a broader trend of traditional finance exploring blockchain-based settlement and tokenization, arguing that Ethereum-native rails can unlock faster settlement, better capital efficiency, and new secondary markets in traditionally illiquid fixed-income and credit assets. The participation of leading crypto VCs and of Buterin and the Ethereum Foundation gives the project credibility within both the Ethereum ecosystem and institutional circles, and underscores how tokenization of real-world assets—especially mortgages, credit, and fixed income—is becoming a central theme of the next phase of blockchain adoption by large financial institutions. "entities":["Etherealize","Ethereum","Ethereum Foundation","Vitalik Buterin","Paradigm","Electric Capital","Vivek Raman","Danny Ryan","Grant Hummer","Zach Obront","Wall Street financial institutions","mortgages","credit products","fixed income","tokenized assets","zero-knowledge proofs"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Etherealize raises $40 million to expand Wall Street's use of Ethereum (fortune.com)
• Etherealize's $40M Wall Street Gambit: Why Traditional Finance is ... (blockeden.xyz)
• Etherealize: Funding, Team & Investors | Startup Intros (startupintros.com)
• Etherealize Raises $40 Million to Rewire Wall Street's (globenewswire.com)
• Etherealize Funding: $40M Series A — Investors, Contacts ... (fundup.ai)

Explore the topic

• Paradigm
• Vitalik Buterin
• ETH Foundation