Ex-Blackstone duo raise $25M to bring private credit onto blockchain
Valinor, founded by ex-Blackstone professionals, secured $25M to leverage blockchain for more efficient private credit lending.Summary
Valinor, a startup founded by former Blackstone professionals Connor Dougherty and Lily Yarborough, has raised $25 million in a seed round led by Castle Island Ventures. The company aims to bridge traditional finance and cryptocurrency by digitizing private credit using blockchain technology. Valinor believes blockchain can significantly improve the lending process through automation via smart contracts, moving beyond crypto-collateralized loans to encompass “real economy credit.” This move aligns with a broader trend on Wall Street, including initiatives by the New York Stock Exchange and BlackRock, to explore tokenization and its potential to transform financial markets and increase accessibility to investment opportunities.
(Source：Crypto Briefing)