{"id":9886,"date":"2025-09-05T11:06:02","date_gmt":"2025-09-05T11:06:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/healthy-alternative-to-the-ethereum-foundation-buterin-backed-etherealize-raised-40-million\/"},"modified":"2025-09-05T11:06:10","modified_gmt":"2025-09-05T11:06:10","slug":"healthy-alternative-to-the-ethereum-foundation-buterin-backed-etherealize-raised-40-million","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/healthy-alternative-to-the-ethereum-foundation-buterin-backed-etherealize-raised-40-million\/","title":{"rendered":"Healthy alternative to the Ethereum Foundation? Buterin-backed Etherealize raised $40 million"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">On Sep. 2, 2025, the Ethereum Foundation announced yet another sale of 10,000 ETH at roughly $43,000,000. The next day after this announcement, another organization busy in driving Ethereum adoption, Etherealize, announced it raised $40,000,000. The money will be used to materialize Etherealize\u2019s plan to tokenize Wall Street using Ethereum. Will EF have a competitor in Etherealize?<\/p>\n<div id=\"cn-block-summary-block_45982384521e2f3dc154990fa1c851f1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>A business development startup, Etherealize, raised around $40 million from Paradigm and Electric Capital.<\/li>\n<li>The company is going to merge Wall Street and Ethereum infrastructure, facilitating the tokenization of assets and powering private settlement.<\/li>\n<li>Etherealize pursues the same goal as the Ethereum Foundation, while not being its direct competitor.\u00a0<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">What is Etherealize?<\/h2>\n<p>Etherealize promotes itself as a business development arm of Ethereum. Etherealize was founded in January 2025 with a grant from Vitalik Buterin and the Ethereum Foundation. The company CEO and co-founder is a Wall Street veteran, Vivek Raman.\u00a0<\/p>\n<p>Etherealize\u2019s main goal is to widen Ethereum adoption through attracting institutional money. The company provides educational content on Ethereum. Another occupation of Etherealize is building apps on the Ethereum blockchain. All of these are mainly aimed at institutional adoption of Ethereum. The company <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/ethdigitaloil.com\/\" rel=\"nofollow\">emphasizes<\/a> Ethereum\u2019s role as a reserve currency in the digital asset economy and a \u201cdigital oil.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 HISTORIC MOMENT FOR ETHEREUM \ud83d\udea8<a href=\"https:\/\/twitter.com\/VivekVentures?ref_src=twsrc%5Etfw\">@VivekVentures<\/a>, CEO of <a href=\"https:\/\/twitter.com\/Etherealize_io?ref_src=twsrc%5Etfw\">@Etherealize_io<\/a>, just delivered a powerful testimony to Congress:<\/p>\n<p>\u2705 Ethereum is the most secure + decentralized settlement layer<br \/>\u2705 $140B in stablecoins + $10B in tokenized assets<br \/>\u2705 Time to 100x innovation with the\u2026 <a href=\"https:\/\/t.co\/vt03oMPoXE\">pic.twitter.com\/vt03oMPoXE<\/a><\/p>\n<p>&mdash; Leo Lanza | ETHisDigitalOil.eth (@l3olanza) <a href=\"https:\/\/twitter.com\/l3olanza\/status\/1930326886657257764?ref_src=twsrc%5Etfw\">June 4, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>In several months, Etherealize made connections with the Securities and Exchange Commission, White House Crypto Council, and U.S. Treasury. As the startup raised $40 million donated by Paradigm, Electric Capital, and others, it will move to a new mission: \u201cmerging Wall Street with Ethereum.\u201d The company is planning to tokenize several multi-trillion asset classes and provide them with infrastructure via Ethereum. Another goal is providing Wall Street with settlement applications and \u201cbringing utility to tokenized assets.\u201d On top of it, Etherealize will be focusing on maintaining a privacy environment for tokenized assets. The latter goal will be achieved via building a zero-knowledge settlement infrastructure.<\/p>\n<h2 class=\"wp-block-heading\">Is Etherealize an Ethereum Foundation competitor?<\/h2>\n<p>From the very beginning, Etherealize posed itself not as a competitor of the Ethereum Foundation but rather as a company that helps the Foundation widen Ethereum\u2019s outreach. As Etherealize put it in the introductory <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/x.com\/Etherealize_io\/status\/1882213986965565918\" rel=\"nofollow\">post on X<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u2026navigating regulation, staying decentralized, and doing cutting-edge [research and development] to future-proof Ethereum<\/p>\n<p>The [Ethereum Foundation] cannot \u2013 and should not \u2013 do it all<\/p>\n<p>We\u2019re here to help.\u201d<\/p>\n<\/blockquote>\n<p>The help was truly needed in early 2025. The public trust in the Ethereum Foundation and Ethereum itself had severely eroded by that time. The foundation was created in 2014 by Buterin, Jeffrey Wilcke, and Gavin Wood. Lately, the EF has been under fire due to the constant sales of ETH it holds. These sales decrease the ETH price, causing pain to the Ethereum community itself and making people angry. The recent 10,000 ETH sale announcement drew similar criticisms.\u00a0More than that, the organization is criticized for decisions made behind closed doors.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Additionally, the community is angered by the fact that EF doesn\u2019t use Ethereum to get money. Rather, it just sells ETH on the open market, plaguing the asset\u2019s price. The foundation uses cash from these sales for grants, development, and research. Not every Ethereum supporter believes these researches are really needed.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Without Tom Lee, Joseph Lubin and the Ethereum Treasury Companies stepping in to take control of the Ethereum narrative, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> would still be stuck in the gutters.<\/p>\n<p>All you\u2019ve done this cycle is dump on your own community\u2026 selling into the gulag to fund the same dead-end nonsense\u2026<\/p>\n<p>&mdash; Gravez (@GravezMusic) <a href=\"https:\/\/twitter.com\/GravezMusic\/status\/1963037007245976000?ref_src=twsrc%5Etfw\">September 3, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>One of the signs of Ethereum\u2019s decline was the triumph of Solana as the primary blockchain for memecoins. Between Dec. 8, 2024, and Apr. 8, 2025, ETH lost over 60% of its price, going from $4,000 to below $1,500. In May, it enjoyed a powerful gain while staying pretty volatile. Those were side organizations, not directly connected with Ethereum, that \u201csaved\u201d the famous blockchain.<\/p>\n<h2 class=\"wp-block-heading\">ETH summer 2025 rally<\/h2>\n<p>Ether\u2019s curse was defeated in the summer of 2025. It brought Ethereum to new highs and made it kind of \u201ccool again.\u201d Over half of all stablecoin trading volume is processed via Ethereum. The GENIUS Act\u2019s likely passage encouraged big investors to hurry and occupy front seats before the bill was signed, as it was the right moment to invest in ETH while it\u2019s still relatively cheap. Ether ETFs\u2019 inflows began to grow, quickly outpacing Bitcoin ETFs.<\/p>\n<p>Ethereum treasury companies, Bitmine Immersion Technologies, and SharpLink Gaming, became the first to buy billions worth of ETH in just a few months. Instead of competing with Strategy, they decided to become the leaders of Ethereum treasury companies. As Bitmine\u2019s Tom Lee said, in the crypto treasury company sector, \u201cscale is critical,\u201d so he decided to go full on Ether. Soon, Bitmine became the leading Ethereum treasury. Lee aims to acquire up to 5% of the Ethereum market cap. As of September 4, the company owns over $1.86 million in ETH, which is over 1.5% of the Ether total supply.<\/p>\n<p>At the end of August, FT <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8ad60169-d1e5-4d2c-b928-d53d668f0ec6\" rel=\"nofollow\">reported<\/a> that the European Central Bank is considering Ethereum as the basis for the digital Euro. Around the same time, the Federal Reserve chairman Jerome Powell \u201chinted\u201d at possible rate cuts in September. These two news items moved the ETH price higher. Now, when another strong independent entity backs EF\u2019s activity, Ethereum may get a powerful boost.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Sep. 2, 2025, the Ethereum Foundation announced yet another sale of 10,000 ETH at roughly $43,000,000. The next day after this announcement, another organization busy in driving Ethereum adoption,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9886"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9886\/revisions"}],"predecessor-version":[{"id":9888,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9886\/revisions\/9888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9887"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}