Etherealize, an Ethereum advocacy firm, has announced a $40 million fundraising round aimed at developing tokenization infrastructure and educating Wall Street investors.
Etherealize Announces Fundraising
Etherealize confirmed the completion of a funding round raising $40 million from venture firms Electric Capital and Paradigm. The funds will be used to further institutional adoption of Ethereum. Co-founder Grant Hummer emphasized that a key challenge is addressing the institutional education gap surrounding Ethereum and the ETH token.
Corporate ETH Treasury Rises
According to Strategic ETH Reserve, public companies added a total of $1.2 billion in Ether to their holdings last week. Leading the purchases, The Ether Machine acquired 150,000 ETH valued at $654 million. Other participants, such as BitMine Immersion Technologies and Sharplink Gaming, also made significant additions to their ETH reserves.
Etherealize's Future Plans
The $40 million raised will be allocated towards developing crypto-based financial tools for institutional clients, including the creation of a trading and settlement platform for tokenized assets. Co-founder Danny Ryan emphasized the importance of building a safer and more accessible infrastructure to modernize institutional finance.
Etherealize is actively supporting the integration of Ethereum into the corporate sector, reflecting the growing interest from institutional investors and the substantial accumulation of ETH among public companies.
