Etherfuse raises $3M to tokenize emerging market debt, focusing on regulatory compliance

From Investing.com

July 22, 2024 12:30 PM:

Etherfuse, a platform for tokenized real-world assets, raised $3 million in seed funding. The round was led by White Star Capital and North Island Ventures, with key participation from The Department of XYZ, The Stellar Development Foundation, Funfair, and angels Alice Ann Schwartz & Anna Yuan. The funding will support Etherfuse in making global capital markets more efficient through blockchain technology.

Etherfuse is focusing on tokenizing real-world assets, starting with Stablebonds – emerging market government debt, with a focus on Latin America. The team is confident that these bonds will offer yield-bearing, transferable, and composable features in DeFi. The goal is for Etherfuse to become a leading issuer of compliant tokenized assets globally.

Etherfuse has put effort into regulatory compliance in Mexico to establish itself as a top platform for compliant tokenized assets globally. They have launched products like short-term notes from Mexico and Brazil, and recently facilitated the creation of a Mexican stablecoin in partnership with Brale. Etherfuse currently issues assets on the Binance Smart Chain and Stellar blockchains, with plans for further expansion.

Etherfuse, led by CEO David Taylor and CTO AJ, aims to provide necessary assets for the next generation of blockchain developers. Their protocols and assets eliminate barriers and intermediaries, granting access to safe investments. White Star Capital and North Island Ventures are excited to support Etherfuse’s innovative approach to bringing the world’s assets on-chain.

Read more at Investing.com: Etherfuse Raises $3M to Bring Emerging Market Debt On-chain By Chainwire