New nonprofit Ethereum Institutional launches to drive Wall Street adoption of the blockchain

A new independent nonprofit called Ethereum Institutional launched to help banks, asset managers, and enterprises adopt Ethereum for tokenization, stablecoins, and onchain finance. It is backed by BitMine, SharpLink Gaming, and Ethereum co-founder Joseph Lubin.

• The organization is led by David Walsh, who previously led the Ethereum Foundation's enterprise efforts
• It aims to provide institutions with a 'credible, independent front door' to the Ethereum ecosystem
• The launch follows the Ethereum Foundation narrowing its focus to core protocol stewardship
• Backed by BitMine, Nasdaq-listed SharpLink Gaming, and Ethereum co-founder Joseph Lubin

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