An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its layer twos, applications and overall ecosystem.
Write to a person58
Verified deployments
45
Named institutions
6
Register requirements
Every row is one named institution's publicly reported use of Ethereum or one of its layer twos, dated by the month it was first observed. Nothing here is illustrative, and every row names the source it was verified against.
August 2026
34 of the 106 months carry a first observation. A heavier tick is more than one landing at once.
6 requirements, in the words institutions put them to us. 2 we can answer today, 3 need design, and 1 is unresolved. Structured assessments of what Ethereum supports, not certifications or approvals of any provider, carrying no warranty you may rely on.
Qualified custody, fund administration and in-kind creation are available from named providers under existing mandates.
27 verified deployments bear on thisLast checked 23 Aug 2026
Staking access exists and rewards are treated as non-securities. Validator concentration and governance are not settled, and our own evidence here is absent rather than thin: the staking workstream did not complete.
6 verified deployments bear on thisLast checked 23 Aug 2026
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
46 verified deployments bear on thisLast checked 23 Aug 2026
The most consequential open question institutions put to us. Selective-disclosure work is underway across the ecosystem. Nothing is production-settled today, and we would need to see it running in a regulated deployment before we said otherwise.
7 verified deployments bear on thisLast checked 23 Aug 2026
More than a hundred networks and no neutral selection framework. Our own record shows institutional issuance concentrated on mainnet, with layer twos carrying stablecoin float rather than funds.
12 verified deployments bear on thisLast checked 23 Aug 2026
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.
42 verified deployments bear on thisLast checked 23 Aug 2026
Every claim carries its label and its source. We reserve the right to conclude that Ethereum does not satisfy a requirement, and we have used it.
in preparation
Six organisations can answer when an institution calls. Who does what, where each lane ends, and how to engage each one, ourselves included, with our conflicts printed on the page.
Flagship one // in draft // expected Q4 2026
in preparation
Requirement R4 in full: what is available, what needs design, what is unresolved, who is building what, and what a bank should actually do this year.
Flagship two // expected Q1 2027
in preparation
Movement in the register, the policy tracker delta, a few labelled observations, and one view. One letter, tightly edited, no filler.
first issue // expected September 2026
Co-founder
Built the Ethereum Foundation's enterprise function across five years and engaged hundreds of institutions. Previously EY Financial Services. Also holds one of three board seats.
Co-founder
Five years scaling one of Europe's first regulated crypto custody and infrastructure firms. Previously Eigen Labs, N26 and Google.
Co-founder
The Ethereum Foundation's first enterprise lead, with seven years across digital assets and traditional finance. Previously Accenture.
Eight layers, and one filament for each of the 58 verified deployments, each rising to the layer it belongs to. Six of the eight carry evidence; the other two are drawn empty, because they are. Open a layer for its rows in the record.
The same six whoever you are, with what each one asks of you stated on the card.
No queue, no shared inbox, and a named person on the other end.
01
Within two business days: what we understood, what happens next, and who owns the relationship from here. No queue, no form letter, no routing to a shared inbox.
The reply names one person and gives their direct address.
02
Behind "we are interested in tokenisation" sits an objective, a constraint, a committee, and a date. We work until those four are written down and you agree we got them right.
The artefact is a written requirement you can circulate internally.
03
Which parts of Ethereum bear on your requirement, what is available today, what needs design, and what nobody has solved. Including when the honest answer is that you should wait.
One of six requirements in our public register is currently marked unresolved.
04
Introductions selected by your requirement, never by who funds us, with the basis stated in the introduction itself. We stay in the room unless you would rather we did not.
Where a supporter is introduced, the funding relationship is disclosed in the same message.
05
Your context outlives any single meeting or member of staff. When you return next quarter you should not have to explain yourselves again.
Our record-keeping is not yet independently audited. Owner: Marius Smith. Answer by 31 January 2027.
06
There is no fee at any stage, no product at the end of it, and no engagement we can upsell you into, because we have nothing to sell.
No fee has been charged to any institution since 1 July 2026.
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its layer twos, and its wider ecosystem. We are a counterpart you can call: free, selling nothing, with no product at the end of the conversation.
Ethereum is an ownerless system meeting procurement processes built for vendors. Institutions arrive with requirements, committees and dates, and most ecosystem actors are either focused on protocol R&D or advancing their own commercial solutions. Somebody neutral has to hold the institutional relationship, and nobody owned that job.
We are not the Ethereum Foundation and we do not speak for the protocol. The Foundation stewards the protocol and its properties; we hold the institutional relationship. Our founding team built the Foundation’s enterprise function, and the working arrangements between the two organisations are not yet set out in a public memorandum, which is listed in our unresolved items.
We share funders with some of them, and we disclose that in every introduction we make. The difference is the mandate: we sell nothing, we represent the ecosystem rather than a product, and our register records the conclusion that Ethereum does not satisfy a requirement when that is the honest answer.
No. No advisory fee, no consulting fee, no engagement fee, no product. No fee has been charged to any institution since 1 July 2026, attested by the executive director. That means somebody else pays, and the governance page names exactly who.
BitMine Immersion and SharpLink are anchor funders and among the largest corporate holders of ETH; their chairman and chief executive hold two of our three board seats. Joe Lubin and Mihai Alisie are also anchor funders and hold no seat. What none of them get: research review, veto, preferential routing, or a seat in your engagement.
Yes. We are deliberately broadening the funding base, and we publish progress against a concentration glide path annually. Write to hello@ethereuminstitutional.org and a named person will reply.
Research and updates on institutional Ethereum, direct to your inbox. First issue expected September 2026.
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its layer twos, applications and overall ecosystem. No fee, no product, no gate.
