Etherfuse, a platform that tokenizes real-world assets, has successfully raised $3 million in seed funding. The funding round was co-led by White Star Capital and North Island Ventures, with contributions from The Department of XYZ, The Stellar Development Foundation, Funfair, and angel investors Alice Ann Schwartz & Anna Yuan. This financial boost will help Etherfuse in its goal to make global capital markets more efficient and accessible through blockchain technology.
The platform is focused on tokenizing real-world assets to provide cost-effective, efficient, and accessible benefits. Etherfuse has already started tokenizing emerging market government debt known as “Stablebonds,” with an initial emphasis on Latin America. These bonds are expected to offer yield-bearing, transferable, and composable features in decentralized finance (DeFi). The ultimate objective of Etherfuse is to become a leading compliant issuer of tokenized assets worldwide.
Etherfuse has made significant regulatory efforts in Mexico and plans to utilize the unique legal framework in the country to establish itself as a prominent global platform for compliant tokenized assets. The company has launched various products, including short-term notes from Mexico and Brazil. Recently, Etherfuse collaborated with stablecoin issuer Brale to create a Mexican stablecoin called MXNe using tokenized-Cetes Stablebonds. Currently, Etherfuse issues assets on the Solana and Stellar blockchains, with future plans to expand to other chains.
The team behind Etherfuse is led by CEO David Taylor, who has a background in cryptography from companies like Apple and Boeing. He is joined by co-founder AJ, who serves as CTO and brings expertise in payments technology. The team is based in Irvine, CA, and Mexico City, MX.
David Taylor, CEO of Etherfuse, expressed his vision for the platform to provide necessary debt and assets programmatically to the next generation of blockchain developers. He believes that these protocols and assets will eliminate barriers and intermediaries, granting everyone access to secure investments. White Star Capital’s General Partner, Sep Alavi, commended Etherfuse for enabling app developers to build safer, higher-yield, and more stable products on-chain by providing an API to the blockchain world.
Travis Scher, Managing Partner of North Island Ventures, highlighted the potential of tokenizing traditional financial assets to transform capital markets. He expressed confidence in Etherfuse’s team and innovative approach, believing that the company will lead in bringing assets on-chain.
Etherfuse’s primary product, Stablebonds, offers a secure and transparent investment option backed by government bonds and issued under Mexico’s regulatory framework. For more information about Etherfuse, visit their website and Twitter.