Etherealize Raises $40M to Push Ether, ETH Price to Spike?

Ethereum advocacy firm Etherealize has secured $40 million in fresh funding to accelerate institutional adoption of the blockchain, in a week when public companies added more than $1.2 billion worth of Ether to their ￰0￱ fundraising round, announced Wednesday, was led by crypto venture capital firms Electric Capital and ￰1￱ earlier this year with backing from the Ethereum Foundation and co-founder Vitalik Buterin, Etherealize is positioning itself as a bridge between Wall Street and the Ethereum ￰2￱ mission, according to co-founder Grant Hummer, is to educate institutions on the value of Ether and its applications, especially as many still lag behind their adoption of ￰3￱ to Build Institutional Tools for Ethereum Etherealize said the funds will be directed toward building infrastructure for tokenization and settlement services tailored to financial ￰4￱ the planned initiatives are platforms for privately trading and settling tokenized assets, tools designed for institutional tokenization workflows, and applications aimed at fixed-income markets such as tokenized bonds.

“Over the past decade, Ethereum has gone from an experiment to the world’s most battle-tested, open financial network,” Etherealize co-founder Danny Ryan said in a statement. “This raise allows us to upgrade institutional finance to modern, safer, globally accessible rails.” Despite the growing enthusiasm around Ether, institutional adoption remains uneven compared to Bitcoin. Exchange-traded fund data shows that ETH-related products continue to trail BTC in volumes and inflows, leaving significant room for ￰5￱ Firms Step Up ETH Buying Etherealize’s raise coincides with a surge in corporate ￰6￱ firms have collectively added $1.26 billion worth of Ether this week alone, according to Strategic ETH ￰7￱ largest single addition came from The Ether Machine, a crypto treasury firm preparing to go public, which bought 150,000 ETH valued at $654 million on ￰8￱ same day, BitMine Immersion Technologies disclosed it had accumulated over 150,000 ETH in the past week, and blockchain data shows another $65 million purchase on ￰9￱ notable buyers include Sharplink Gaming, which added $176 million in ETH, and Hong Kong-listed Yunfeng Financial, which purchased $44 ￰10￱ Forster, founder of crypto options platform Derive, said in a Wednesday note that the recent spree of corporate buying, coupled with expectations of a potential Federal Reserve rate cut, sets the stage for “explosive potential heading into Q4.” He estimated a 44% chance Ether reaches $6,000 by ￰11￱ press time, ETH trades just under $4,400, up 1.8% on the day but down more than 11% from its late-August peak near $4,950.