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A new independent nonprofit, Ethereum Institutional, has launched in New York with the stated mission of moving institutional financial business onto the blockchain at scale.
The organization is backed by Bitmine and Sharplink, alongside Joe Lubin, and was built by former employees of the Ethereum Foundation.
A Purpose-Built Entity for Institutional On-Chain Finance Ethereum Institutional ($ETH) was established specifically for its market launch rather than spun out of an existing structure — a deliberate choice that signals its backers intend to operate at arm's length from legacy crypto entities.
By structuring the initiative as an independent nonprofit, the founders position the organization outside the commercial incentive structures that have complicated institutional adoption of blockchain infrastructure in prior cycles.
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