Real-world assets are getting a digital makeover, thanks to Etherfuse’s new $3 million funding.
Etherfuse, an innovative platform for issuing tokenized real-world assets, announced today that it has successfully raised $3 million in a seed funding round.
The 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 and Anna Yuan.
Moreover, this funding will enable Etherfuse to further its mission of enhancing the efficiency and accessibility of global capital markets through blockchain technology.
“Etherfuse will programmatically provide the needed debt and assets to the next generation of blockchain developers, enabling them to revolutionize the finance world. These protocols and assets eliminate barriers and intermediaries, granting everyone access to the world’s safest investments.”
– David Taylor, CEO at Etherfuse
Etherfuse is developing a leading platform for the tokenization of real-world assets, aiming to provide significant benefits in terms of cost, efficiency, and accessibility by bringing these assets on-chain. The company has already started tokenizing government debt from emerging markets, referred to as “Stablebonds,” with an initial focus on Latin America.
CETES are Mexican Treasury Certificates, essentially short-term government debt bonds. Similar to U.S. Treasury bills, they offer low-risk, stable returns without traditional interest payments.
Etherfuse has transformed CETES into Stablebonds, bringing the reliability of these government-backed securities to the blockchain. These Stablebonds feature weekly market adjustments, automatic reinvestment, and a competitive 9.25% APY.
The Etherfuse team is confident that these bonds will feature yield-bearing, transferable, and composable characteristics within decentralized finance (DeFi). Their ultimate goal is to become the largest compliant issuer of tokenized assets worldwide.
Etherfuse has undertaken extensive regulatory efforts in Mexico and plans to leverage this unique legal framework to establish itself as a global leader in compliant tokenized assets. To date, the company has launched five products, including short-term notes from Mexico and Brazil. Recently, Etherfuse collaborated with stablecoin issuer Brale to create a Mexican stablecoin, MXNe, using their tokenized-Cetes Stablebonds.
Currently, Etherfuse issues assets on the Solana and Stellar blockchains, with plans to expand to additional chains in the future.
