Etherealize Raises $40M from Paradigm, Electric Capital
The Ethereum advocacy group is building Wall Street ties and privacy tools.
Etherealize, an 
Ethereum advocacy and infrastructure organization that Bankless listeners know well, has raised $40 million to advance its mission of promoting ETH as the institutional settlement layer of the future.
What’s the Scoop?
- Heavyweight backing: The funding round was led by Electric Capital and Paradigm. It follows initial grants from
Vitalik Buterin and the Ethereum Foundation in 2024. - Mission-driven: Etherealize aims to pitch ETH to major financial institutions as a reserve asset and open financial infrastructure, part of what it’s calling the "Institutional Merge."
- Research-forward: One of the group’s early public efforts included a report projecting ETH’s “short-term” value between $8,000 and $80,000 based on reserve-asset dynamics.
- Building infra: Etherealize is developing institutional-grade zero-knowledge privacy systems, a settlement engine optimized for tokenized assets, and tools for tokenized fixed income markets.
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