TLDR:
- Etherfuse, a tokenization platform, has raised $3 million in a seed round at a $12.5 million valuation.
- The funding was co-led by White Star Capital and North Island Ventures.
Etherfuse, a real-world asset (RWA) tokenization platform, has successfully raised $3 million in a seed funding round. The round was co-led by White Star Capital and North Island Ventures, with participation from other entities such as Stellar Development Foundation, FunFair Ventures, Department of XYZ, Solana Foundation, and Rising Tide Network. The funding brought Etherfuse’s total funding to $5 million and its valuation to $12.5 million. The platform, co-founded by David Taylor and his brother AJ, focuses on tokenizing emerging market assets and currently offers various short-term tokenized debt products.
The Etherfuse tokenization platform is currently live on Solana, Stellar, and Base blockchains and has plans to support more networks in the near future. The platform aims to tokenize over 3,500 RWAs, including various government short-term debts and assets available on the Mexican stock exchange in the next 18 months. The vision is to expand the emerging bond market by removing barriers for individuals and businesses to access high, real, and safe yields in a secure manner.
With a total value locked of about $2 million and approximately 10,000 Stablebonds holders, Etherfuse is at the forefront of tokenizing real-world assets in the digital asset ecosystem. The platform does not currently have plans to issue its own native token, and there are ongoing efforts to grow the team and expand asset tokenization capabilities.
Overall, Etherfuse’s successful seed round funding signifies a growing interest and investment in tokenizing real-world assets and providing wider access to investment opportunities in the digital economy.
