Ethereum, the largest blockchain in the world by locked total value, launched a new initiative called Etherealize, that the veteran of Wall Street Vivek Raman will direct.
The project is designed to promote the network to institutional investors and extend its presence on traditional financial markets.
The objectives of the company
According to a press release on X, Ethealalize aims to educate traditional financial institutions, fundraisers negotiated on the stock market and the wider public on the Ethereum ecosystem. Positioned both as a content center and an institutional tool manufacturer, the company plans to extend the presence of ETH on the financial markets like Bitcoin.
In an interview with Bloomberg, Raman, a cryptographic investor and a decentralized finance researcher, underlined the unique position of Ethereum in cryptographic space, describing it as the “only blockchain which resisted the test of time”.
He stressed the network’s ability to meet the requests for institutional security, security and reliability and declared the need for more vocal supporters to defend its adoption at Wall Street.
Etherealize’s efforts will understand the development of a product series to create more applications for institutional use. The emphasis will be placed on tokenization and the safe trade of high value assets on Ethereum blockchain.
The project said that the large base of assets of Ethereum, the regulatory position and the growing institutional adoption make it an ideal candidate for a more in -depth commitment in the financial sector.
According to the Bloomberg report, Vitalik Buterin and the EF are key contributors to etherealize. However, although the non -profit organization has verified that it partially finances the initiative, neither computers nor Buerine has provided details on the amount of money they have invested.
Internal challenges
The launch of Etherealize occurs while the Ethereum Foundation faces an in -depth examination of the cryptographic community. During last week, concerns were raised regarding its leadership and efficiency. Critics have also compared blockchain to other industry projects, such as Solana and XRP, suggesting that it is late on these competitors.
Buterin addressed problems, promising major changes to the leadership structure and the objectives of the Foundation. He also defended his executive director Aya Miyaguchi against the online assault, urging people to approach problems in a constructive manner.
However, tensions have increased with the resignation of one of the network developers, Nick Conner, who cited a disalping between leadership and the priorities of the community. While people have argued that the organization’s strategy has hampered progress, Buterin warned that aggressive pressure could remove the main contributors.
Free binance $ 600 (EXCLUSIVE Cryptopotato): Use this link to record a new account and receive an exclusive welcome offer of $ 600 on Binance (all details).
Limited offer for cryptopotate players at Bybit: Use this link to record and open a free $ 500 position on any part!
