Ethereum's 'Digital Oil' is gaining traction on Wall Street, according to Vivek Raman, co-founder of Etherealize. Raman likens Ethereum to digital oil, emphasizing its importance in the evolving crypto ecosystem. While Bitcoin is often compared to digital gold, Ethereum's role as a fuel for transactions and smart contracts sets it apart. Despite challenges in cementing Ethereum's dominance on Wall Street, financial institutions are being encouraged to build products on the network. Unlike oil, Ethereum has a fixed issuance rate and offers yield through staking. As tokenization of assets grows, Ethereum's role as a neutral global asset connecting various industries becomes more significant. Regulatory changes and the rise of tokenized funds on Ethereum indicate a shift towards embracing the 'digital oil' analogy in the financial world. Read more AI-generated news on: https://app.chaingpt.org/news

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