Ethereum gets a new nonprofit focused on institutional adoption
The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.
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Summary
- A new independent nonprofit, Ethereum Institutional, has launched to accelerate institutional adoption of Ethereum, providing banks, asset managers and other enterprises with a neutral point of contact as they evaluate the blockchain for tokenization, stablecoins and other financial applications.
- The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.
