Ethereum is becoming the preferred platform for leading financial institutions increasingly applying asset tokenization and on-chain services.
Ethereum's Success Among Financial Institutions
Ethereum has been recognized as a reliable blockchain platform for conducting large transactions. Creator Vitalik Buterin noted that "institutions value a system that is stable and consistently available."
Launch of Tokenized Stocks and ETFs
Robinhood announced the launch of tokenized stocks and ETFs on Ethereum's Arbitrum L2 network. This will mark the first instance of a U.S. company placing stocks on-chain, leading to a more than 30% rise in Robinhood's shares.
Ethereum's Growth and Market Impact
The ETH price rose by nearly 6 percent during EthCC week, while companies like BitMine and SharpLink Gaming saw their stock prices increase after converting their reserves to ETH. Currently, Ethereum-based ETFs control around $11 billion, and ETH is actively used in the stablecoin market.
Ethereum continues to strengthen its position in the financial world due to its reliability and accessibility, attracting new capital from major investors.
