According to the new report, Valinor was co-founded by former Blackstone employees and is using smart contracts to move private credit workflows on-chain, initially focusing lending activity on crypto firms.
Valinor, an on-chain private credit startup co-founded by former Blackstone employees, has raised $25 million in seed funding. The company is building infrastructure that uses smart contracts to move private credit workflows onto blockchain rails and plans to lend first to crypto firms. This adds to earlier reporting that the round was led by Castle Island Ventures and that the company intended to use the capital to expand lending operations and hiring.