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0 0.00122119361827858 -6.56555708751524E-05 0.000768170179239784 0.00518679009913995 0.000590900137876721 -0.0319086074453417 -0.0529183901254021
Stock impact report

Ex-Blackstone staffers raise $25 million for startup Valinor, which aims to put private credit on the blockchain [Fortune]

TeraWulf Inc. (WULF) 
Company Research Source: Fortune
The startup Valinor aims to change this, and, on Monday, the company announced that it's raised $25 million to put private credit on the blockchain. Recommended Video Castle Island Ventures led the seed round, which also included the crypto arm of the marquee trading firm Susquehanna, Maven11, and the founders of the Bitcoin-mining-turned-AI company TeraWulf. Connor Dougherty and Lily Yarborough, the cofounders of Valinor, declined to specify at what valuation they raised their capital. “I think what these guys are doing is really just like being able to be the translation agent between these two industries,” said Sean Judge, general partner at Castle Island Ventures, in reference to the crypto and private credit sectors. Crypto and private credit Wall Street already has a growing list of “translation agents” positioning themselves as go-betweens crypto and finance. Those include the Nasdaq and New York Stock Exchange, which are exploring tokenizing stocks, or putting compan Show less Read more
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