Etherfuse Secures $3 Million to Bring Emerging Market Debt On-Chain

Etherfuse, an innovative platform for tokenizing real-world assets, has just announced the successful completion of a $3 million seed funding round. The funding round was co-led by White Star Capital and North Island Ventures, with participation from The Department of XYZ, The Stellar Development Foundation, Funfair, and angels Alice Ann Schwartz and Anna Yuan. This funding will help Etherfuse achieve its goal of enhancing global capital markets by leveraging blockchain technology, making them more efficient and accessible.

Etherfuse is constructing a cutting-edge platform for the tokenization of tangible assets. Bringing these assets onto the blockchain provides substantial advantages in terms of cost, efficiency, and accessibility. Etherfuse has already started tokenizing emerging market government debt, specifically focusing on Latin America, with their new product called “Stablebonds.” The Etherfuse team is highly optimistic about the potential of these bonds to provide yield-bearing, transferable, and composable features in decentralized finance (DeFi). Our ultimate goal at Etherfuse is to establish ourselves as the leading provider of compliant tokenized assets worldwide.

Etherfuse has made significant strides in navigating the regulatory landscape in Mexico, leveraging its distinctive legal framework to position itself as a prominent global platform for tokenized assets that adhere to regulatory requirements. The company has introduced a total of five products, which include short-term notes from Mexico and Brazil. Etherfuse has recently collaborated with stablecoin issuer Brale to create a Mexican stablecoin called MXNe. This innovative tokenized Cetes Stablebonds project aims to provide stability and reliability in the crypto market. At present, Etherfuse is issuing assets on the Solana and Stellar blockchains and intends to broaden its reach to other chains in the coming times.

CEO David Taylor, a seasoned engineer with a strong cryptography background at renowned companies such as Apple and Boeing, leads Etherfuse. David is accompanied by his co-founder AJ, the CTO who brings a strong engineering background in payments technology. The team is in Irvine, CA, and Mexico City, MX.

“Etherfuse will programmatically provide the needed debt and assets to the next generation of blockchain developers, enabling them to revolutionize the finance world,” said David Taylor, CEO at Etherfuse. “These protocols and assets eliminate barriers and intermediaries, granting everyone access to the world’s safest investments.”

“The vision is for Etherfuse to not only capture, but to expand the emerging bond market by removing the manifold barriers that currently prevent people and businesses from accessing the high, real, and safe yields that these assets provide. Providing an API to the blockchain world that connects to some of the safest investment assets is hugely enabling for app developers, including those working with stablecoins, looking to build safer, higher-yield, and more stable products on-chain”, commented Sep Alavi, General Partner at White Star Capital. “As we have spent significant time with the Etherfuse team, we’ve been consistently impressed with their dedication and patience, particularly in the complex and arduous regulatory landscape that they are building a moat by navigating'”, added Marthe Naudts, Associate at White Star Capital.

“The movement to tokenize traditional financial assets has the potential to transform our capital markets,” said Travis Scher, Managing Partner of North Island Ventures. “We believe that Etherfuse’s strong team and innovative approach will establish the company as a leader in bringing the world’s assets on-chain, and we are excited to support Dave and AJ on this journey.”