Ethereum co-founder Joseph Lubin has endorsed the vision of ETH as a global “master ledger.”
The tokenized U.S. Treasury market has grown 400% in a year, largely on Ethereum.
BlackRock’s $2.9B BUIDL fund, the largest in the space, is 93% based on Ethereum.
Ethereum’s role in the digital financial system is no longer speculative, it’s foundational. According to Ethereum co-founder Joseph Lubin, the network is evolving into the world’s “master ledger,” a neutral, censorship-resistant, tamper-proof base layer capable of supporting the next generation of financial infrastructure.
His comments come as hard data reveals explosive growth in on-chain U.S. Treasury products, overwhelmingly built on Ethereum.
Ethereum Layer 1 will be the master ledger for the 
.
Permissionless to inspect, use and add data or functionality to.
Credibly neutral.
Censorship resistant.
Tamper resistant and tamper evident (via slashing and transparency).
Incessantly progressively decentralizing… https://t.co/jMaHHpK2na
— Joseph Lubin (@ethereumJoseph) June 19, 2025
The Vision: A ‘Master Ledger’ Backed by Hard Data
Lubin responded to a viral thread by Etherealize that highligh…
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