Etherfuse Raises $3M to Bring Emerging Market Debt On-chain

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As a seasoned researcher with a background in finance and technology, I find Etherfuse’s announcement of raising $3 million in seed funding for tokenizing real-world assets, specifically government debt, to be an exciting development in the blockchain industry.

Mexico City, Mexico, July 22nd, 2024, Chainwire

Etherfuse, a trailblazing company specializing in the creation of tokenized real-world assets, announced today the successful completion of a $3 million seed funding round. The investment was jointly spearheaded 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. These funds will aid Etherfuse in its objective to streamline and democratize global capital markets via blockchain technology.

Etherfuse is developing a leading platform for digitizing real-world assets using blockchain technology. This transition comes with substantial cost savings, enhanced efficiency, and improved accessibility. Etherfuse has initiated the tokenization process for emerging market government debt, which they refer to as “Stablebonds,” focusing primarily on Latin America. The team is optimistic that these Stablebonds will provide attractive yields, transferability, and compatibility with decentralized finance (DeFi) solutions. In the long term, Etherfuse intends to establish itself as the premier issuer of tokenized assets from various regions worldwide.

Etherfuse has put in significant work to comply with regulations in Mexico and intends to leverage this distinctive legal structure to become a prominent global hub for compliant tokenized assets. To date, the firm has introduced five offerings, comprising short-term notes from Mexico and Brazil. In a recent collaboration with stablecoin issuer Brale, Etherfuse helped bring about the Mexican stablecoin, MXNe, via their Tokenized-Cetes Stablebonds. Presently, Etherfuse issues assets on the Solana and Stellar blockchains, with ambitions to broaden its reach to additional platforms in the future.

Etherfuse is headed by CEO David Taylor, a seasoned engineer with a cryptography expertise from firms such as Apple and Boeing in his past. Working alongside him is co-founder AJ, who holds the position of CTO and boasts an engineering background in payments technology. The team is divided between Irvine, California, and Mexico City, Mexico.

“David Taylor, CEO of Etherfuse, stated that the platform will automatically offer the necessary debt and asset tools to the upcoming generation of blockchain developers. This empowers them to innovate and transform the financial sector. By removing obstacles and intermediaries, Etherfuse grants universal access to secure investment opportunities.”

Sep Alavi, General Partner at White Star Capital, expressed his ambition for Etherfuse to not only acquire but broaden the reach of the emerging bond market. By eliminating numerous obstacles that hinder individuals and businesses from accessing the lucrative yields offered by these assets, Etherfuse aims to provide an API to the blockchain community, linking it to secure investment opportunities. This is a significant advantage for developers working on apps with stablecoins, enabling them to create safer, higher-yielding, and more dependable products on the blockchain.

“Travis Scher, Managing Partner of North Island Ventures, expressed that the shift towards digital tokens for conventional financial assets could significantly revolutionize our capital markets. He is confident in Etherfuse’s capable team and groundbreaking strategy, positioning the company as a frontrunner in onboarding global assets onto the blockchain. North Island Ventures looks forward to collaborating with Dave and AJ on this promising endeavor.”

About Etherfuse

Etherfuse serves as a platform for emitting tokenized representations of real-world assets, primarily focusing on the debt securities of emerging markets to begin with. By harnessing the power of blockchain technology, Etherfuse strives to enhance the functionality and reach of international financial systems. The cornerstone product of Etherfuse, named Stablebonds, provides a dependable, clear, and inclusive avenue for investment, tied to government bonds, and authorized under Mexican regulatory guidelines. For further details, kindly explore Etherfuse’s website and Twitter account.

Contact

CEO
Dave Taylor
Etherfuse
contact@etherfuse.com

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2024-07-22 19:49