As a seasoned financial analyst with extensive experience in analyzing emerging market debt and blockchain technology, I am particularly intrigued by Etherfuse’s ambitious mission to tokenize real-world assets and make global capital markets more efficient and accessible through blockchain technology.
Mexico City, Mexico, July 22nd, 2024, Chainwire
Etherfuse, a trailblazing company specializing in the release of tokenized real-world assets, declared today the accomplishment of a $3 million seed investment. The financing was jointly spearheaded by White Star Capital and North Island Ventures, with contributions from The Department of XYZ, The Stellar Development Foundation, Funfair, and 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 top-tier 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, branded as “Stablebonds,” with an emphasis on Latin America. The team at Etherfuse is optimistic that these Stablebonds will provide yield-generating, transferable, and interoperable characteristics within decentralized finance (DeFi). In the long run, Etherfuse aspires to be the leading global issuer of compliant tokenized assets.
Etherfuse has put in significant work to comply with regulations in Mexico and intends to leverage this specialized legal structure to become a prominent global marketplace for compliant tokenized assets. To date, the firm has introduced five offerings, such as short-term notes from Mexico and Brazil. In a recent collaboration with stablecoin issuer Brale, Etherfuse helped develop a Mexican stablecoin called MXNe through their Tokenized-Cetes Stablebonds product. Presently, Etherfuse issues assets on the Solana and Stellar blockchains, with intentions to add more chains in the future.
Etherfuse is headed by CEO David Taylor, an accomplished engineer with a past in cryptography from firms such as Apple and Boeing. Accompanying him is his co-founder AJ, who holds the role 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 supply new-age blockchain developers with essential debt and asset tools. This empowers these innovators to drastically transform the financial sector. By removing obstacles and intermediaries, Etherfuse grants universal access to secure investment opportunities.”
“White Star Capital’s vision for Etherfuse is to not only facilitate but expand access to the emerging bond market by eliminating the numerous obstacles preventing individuals and businesses from reaping the benefits of high, real, and secure returns offered by these assets. By offering an API that bridges the blockchain world with some of the most secure investment assets, Etherfuse significantly empowers app developers, including those specializing in stablecoins, to create safer, higher-yielding, and more stable on-chain products. As we have closely worked with the Etherfuse team, we have been repeatedly impressed by their unwavering commitment and perseverance, particularly in the intricate and challenging regulatory landscape they are navigating,” commented Sep Alavi, General Partner at White Star Capital. “We have observed the Etherfuse team’s tenacity and patience in dealing with the complex regulatory environment they are building a competitive advantage around,” added Marthe Naudts, Associate at White Star Capital.
“Travis Scher, Managing Partner of North Island Ventures, expressed that the shift towards digitizing conventional financial assets through tokenization could significantly revolutionize our capital markets. He is confident in Etherfuse’s capable team and groundbreaking strategy to make them a frontrunner in on-chain asset integration. His firm looks forward to backing Dave and AJ in their endeavor.”
About Etherfuse
Etherfuse serves as a platform that tokenizes real-world assets, with an inaugural concentration on emerging market sovereign debt. Utilizing blockchain technology, Etherfuse strives to enhance the functionality and reach of international financial markets. Their premier offering, Stablebonds, provides a safe, clear, and inclusive investment opportunity, anchored by government bonds, and released under the regulatory oversight in Mexico. For further details, kindly explore Etherfuse’s website and Twitter account.
Contact
CEODave TaylorEtherfusecontact@etherfuse.com
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2024-07-22 19:24