Ethereum backers launch nonprofit to lead institutional adoption efforts
Ethereum Institutional, a new independent nonprofit backed by Ethereum co-founder Joe Lubin and major ETH treasury holders BitMine and SharpLink, was launched to improve the network’s outreach to banks, asset managers, and other financial institutions. It aims to serve as a credible, independent entry point for institutions and will focus on education, standards, research, and events across major financial hubs. The move reflects Ethereum’s effort to defend its lead in stablecoins and tokenized real-world assets as rival blockchains compete more aggressively for institutional use. Ethereum still hosts about 58% of the tokenized RWA market and roughly half of the $311 billion stablecoin market. The launch also comes amid pressure on ETH prices and unrealized losses at treasury firms, while the Ethereum Foundation is undergoing leadership and workforce restructuring. Standard Chartered viewed the new nonprofit, along with Ethlabs, as a positive sign for Ethereum’s commercialization.
