According to Techub News, Ethereum startup Etherealize has secured $40 million in funding, led by Electric Capital and Paradigm. Ethereum co-founder Vitalik Buterin and the Ethereum Foundation, a nonprofit dedicated to the development of the Ethereum protocol, also provided support through an early grant. This round of funding comes in the form of equity and token warrants.
In early 2025, Raman founded Etherealize with longtime Ethereum developer and researcher Danny Ryan, Grant Hummer, another Ethereum supporter from traditional finance, and Zach Obront, an Ethereum security engineer. Etherealize hopes to convince Wall Street to delve deeper into the crypto space, and this round of funding will be used to build products and infrastructure on Ethereum for financial institutions.
