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Etherealize Raises $40M from Paradigm, Electric Capital

The Ethereum advocacy group is building Wall Street ties and privacy tools.

Sep 3, 2025 • 1 min read

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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