Crypto advocacy firm Etherealize has secured a hefty $40 million in funding to accelerate the adoption of Ethereum by financial institutions. This significant investment, led by Electric Capital and Paradigm, comes amid a surge in institutional interest for the blockchain technology, fueled by public companies adding billions to their Ether reserves this week. The funds will be directed towards developing tools for tokenization and settlement services tailored to financial needs. Etherealize aims to bridge the gap between Wall Street and the Ethereum ecosystem by educating institutions about the value and potential of Ether, especially as many remain hesitant regarding Bitcoin’s widespread adoption.