On May 14, 2023, the Ethereum Foundation announced the launch of the "Trillion Dollar Security Initiative," aimed at elevating the security of Ethereum to the level of a "civilization-scale" infrastructure capable of supporting the global economy, allowing billions of users to securely store assets worth over a thousand dollars, and enabling institutions to host over a trillion dollars in value within a single smart contract.

The initiative is divided into three parts: a comprehensive assessment of the security posture of the Ethereum technology stack, implementation of high-priority fixes and long-term improvements, and optimization of security standards communication mechanisms. The project is co-led by protocol security head Fredrik Svantes and management team member Josh Stark, with support from blockchain security experts.

As the scale of assets on the Ethereum chain continues to grow (with RWA accounting for 58%), this upgrade may further solidify its position as the most secure blockchain and promote institutional adoption.