Crypto Driver
09/04 09:51
Etherealize to use funds for institutional tools
Etherealize to use funds for institutional tools
Etherealize said the $40 million would be put toward developing crypto-based financial tools aimed at institutions.
The firm wants to build infrastructure for privately trading and settling tokenized assets, a settlement platform geared to “institutional tokenization workflows,” and applications aimed at markets for tokenized fixed income products, such as tokenized bonds.
“Over the past decade, Ethereum has gone from an experiment to the world’s most battle-tested, open financial network,” said Etherealize co-founder Danny Ryan, adding the raise would help upgrade “institutional finance to modern, safer, globally accessible rails.”
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