Consensys is talking with big banks and sovereign funds about building on Ethereum.
SharpLink plans to use Ethereum for active treasury management and yield generation.
Ethereum’s Layer 1 and Layer 2 tech attracts interest from major global financial players.
Ethereum is drawing fresh attention from major global institutions. Consensys, led by Ethereum co-founder Joe Lubin, has confirmed ongoing talks with sovereign wealth funds and banks. These discussions involve a large but unnamed country. The focus is on building national financial infrastructure on the Ethereum network.
https://twitter.com/WuBlockchain/status/1930088687884480567
Unlike previous interest focused mostly on Bitcoin, this development points to Ethereum's increasing relevance. Institutions are now exploring how Ethereum’s core blockchain, along with secondary layers, can support large-scale financial systems. The goal appears to go beyond investment, aiming instead at developing usable infrastructure. This could push Ethereum into a more strategic role in global finance.
Institutions Eye Layer-1 and Layer-2 Capabilities
Consensys announced that both Layer-1 and Layer-2 ideas are being explored in the talks. This points to a need for platforms that are secure and able to handle real world financial uses. Several tools in Layer-2 address problems such as congestion and high transaction prices. Such features make Ethereum an appealing choice for companies and financial institutions.
Even though Bitcoin is a leading store of value, Ethereum serves a wider range of purposes. Smart contracts enable transactions to take place automatically and without manual control. As a result, it is becoming more attractive to banks and governments seeking digital transformation. This shift may increase institutional demand for ETH in the near future.
SharpLink Adopts Ethereum for Corporate Treasury Strategy
In a related move, Consensys also led a major investment in SharpLink Gaming. The company recently raised $425 million to create an Ethereum-based treasury. Lubin now serves as chairman of SharpLink’s board. The firm plans to use Ethereum not only as a reserve asset but also as a yield-generating tool.
SharpLink’s strategy marks a change from firms like MicroStrategy, which focus on holding Bitcoin. Instead, SharpLink will actively participate in staking, restaking, and decentralized finance. This approach aims to generate returns while managing risk. The move shows how Ethereum can serve both as a store of value and a productive asset.
Ethereum’s Broader Role in Financial Evolution
Joe Lubin believes the current financial system shows signs of long-term weakness. According to him, Ethereum acts as a main building block in shaping a new global system. In spite of currently low Ethereum prices, the network is still developing. Looking forward, the platform aims to increase the number of users.
The activities of Consensys and SharpLink underline how Ethereum’s role is evolving. If more organizations embrace blockchain, Ethereum could end up being a key power in the world of digital finance. Its technology provides solutions that are suitable for both government and private organizations.
