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

(Credit: Courtesy of Valinor)

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 marquee trading firm Susquehanna; Maven 11; and the founders of 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.