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

Valinor, founded by ex-Blackstone employees Connor Dougherty and Lily Yarborough, raised $25 million in seed funding to tokenize private credit on the blockchain. Led by Castle Island Ventures with backing from Susquehanna, Maven 11, and TeraWulf, the startup targets an industry segment that has historically avoided crypto.