NewsSOS
Ethereum Institutional, a newly formed independent nonprofit, announced its official debut Thursday, backed by Bitmine, Sharplink, and Joe Lubin, with a mandate to bring institutional finance onto the Ethereum blockchain at scale.
The New York announcement names former members of the Ethereum Foundation as the organization's founders. Its core function is go-to-market strategy aimed at institutional participants in the $ETH ecosystem.
Structure and Mission Ethereum Institutional is organized as an independent nonprofit, a structure that separates it from commercial interests while directing its efforts toward large-scale institutional on-chain activity.
The founding team's Ethereum Foundation lineage positions the organization as a bridge between Ethereum's existing protocol-development culture and the capital-markets world it is now trying to court.
Keep reading