Etherfuse Secures $3M to Bring Emerging Market Debt On-Chain, Reports Chainwire

Mexico City, Mexico, July 22nd, 2024

Etherfuse, a groundbreaking platform focused on the issuance of tokenized real-world assets, has announced the successful completion of a $3 million seed funding round. The investment was co-led by White Star Capital and North Island Ventures, with contributions from various entities including The Department of XYZ, The Stellar Development Foundation, Funfair, as well as individual investors Alice Ann Schwartz and Anna Yuan. This funding will aid Etherfuse in its goal to enhance efficiency and accessibility in global capital markets through the implementation of blockchain technology.

Etherfuse is working to develop an industry-leading platform for tokenizing real-world assets, which brings numerous advantages in terms of cost, efficiency, and accessibility. The team has embarked on the tokenization of emerging market government debt, specifically termed “Stablebonds,” with an initial focus on Latin America. Etherfuse is confident that these bonds will feature yield-bearing, transferable, and composable capabilities in the decentralized finance (DeFi) sector. The ultimate ambition of Etherfuse is to become the largest compliant issuer of tokenized assets worldwide.

To navigate the intricate regulatory landscape, Etherfuse has engaged in extensive efforts in Mexico, aiming to leverage this unique legal framework to position itself as a leading global platform for compliant tokenized assets. The company has launched five products to date, including short-term notes from Mexico and Brazil. Recently, Etherfuse played a pivotal role in the establishment of a Mexican stablecoin through their tokenized-Cetes Stablebonds, known as MXNe, in partnership with stablecoin issuer Brale. Presently, Etherfuse issues assets on Stellar and other blockchains, with plans to further expand its offerings.

Etherfuse is led by CEO David Taylor, an experienced engineer with a background in cryptography who has previously worked for major companies such as Apple and Boeing. Joining him is co-founder AJ, who serves as CTO and offers expertise in payments technology. The team operates between Irvine, California, and Mexico City.

David Taylor stated, "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."

Sep Alavi, General Partner at White Star Capital, added, “The vision is for Etherfuse to not only capture but also expand the emerging bond market by removing the multitude of barriers that currently inhibit access to the high, real, and safe yields these assets can offer. Providing an API to the blockchain that connects to secure investment options is immensely empowering for app developers, especially those working with stablecoins to create safer, higher-yield, and more stable products on-chain.”

Travis Scher, Managing Partner of North Island Ventures, remarked, "The movement to tokenize traditional financial assets has the potential to transform our capital markets. We believe that Etherfuse’s robust team and innovative approach will position the company as a leader in bringing assets on-chain globally, and we are excited to support this journey."

About Etherfuse
Etherfuse is dedicated to the issuance of tokenized real-world assets, with a primary emphasis on emerging market sovereign debt. By harnessing blockchain technology, Etherfuse seeks to enhance the efficiency and accessibility of global financial markets. Its flagship product, Stablebonds, provides a secure, transparent, and accessible investment option backed by government bonds, issued under a regulatory framework in Mexico.

Contact
CEO David Taylor
Etherfuse
[email protected]