Etherealize Raises $40M to Tokenize Wall Street with Ethereum

Etherealize, a fintech startup founded in early 2025, has secured $40 million in funding from leading venture firms Paradigm and Electric Capital, with earlier backing from Ethereum co-founder Vitalik Buterin and the Ethereum Foundation. The company plans to roll out Ethereum-based infrastructure designed to modernize traditional institutional finance.

By tokenizing financial instruments like mortgages, credit products, and other fixed-income assets, Etherealize aims to replace outdated workflows—such as phone-based trading and manual settlement—with a streamlined, blockchain-native approach. The founding team brings deep experience from both Wall Street and blockchain: CEO Vivek Raman comes from Morgan Stanley, UBS, and Deutsche Bank, while co-founder Danny Ryan is a veteran of Ethereum research. Additional co-founders include Grant Hummer and Zach Obront, combining institutional and technical expertise.

Etherealize sees this funding as the launchpad for an “Institutional Merge,” a vision of finance where Ethereum serves as the unseen but transformative backbone for global markets.