Many corners of finance—stock exchanges, banks, and payments firms—are embracing digital assets, but the private credit industry has largely stayed away from the crypto craze. 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.
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…
