Ethereum Could Be About to Attract Major Sovereign Wealth Funds A Historic Turning Point for ETH?
Joe Lubin, co-founder of Ethereum and CEO of Consensys, revealed that he is in talks with major sovereign wealth funds and banks about building infrastructure on Ethereum, a move that could pave the way for countries to officially accumulate ETH as a strategic asset.
In a recent interview on Rug Radio’s “FOMO Hour,” Joe Lubin offered a bold view of the future of Ethereum. He confirmed that Consensys is currently working with major financial institutions, including sovereign wealth funds and banks in a “very large” country, with the goal of building new financial infrastructure on Ethereum.
“We are in talks with major sovereign wealth funds and banks about how to deploy infrastructure on Ethereum both layer-1 and custom layer-2 solutions,” Lubin shared.
ETH: A New Option for National Treasuries?
While many countries have started adding Bitcoin to their national treasuries as a reserve asset, Ethereum has so far been overlooked. However, Lubin believes that this is about to change. As countries look for a new, flexible, and decentralized financial system, Ethereum is becoming an attractive platform due to its scalability, staking features, and DeFi integration.
“Decentralized protocols are the answer to rebuilding the global financial system,” Lubin said.
Notably, Lubin also recently led a $425 million investment in SharpLink Gaming, which aims to create a pioneering Ethereum treasury that is distinct from MicroStrategy’s pure accumulation strategy. The treasury is expected to leverage staking, restaking, and DeFi solutions to carefully optimize returns.
SharpLink Gaming: A New Momentum for ETH?
SharpLink Gaming, a publicly traded company, has raised $425 million in a PIPE (Private Investment in Public Equity) investment. The investment was led by Consensys and included participation from Galaxy Digital, ParaFi Capital, Ondo Finance, and Pantera Capital. The move has sent SharpLink’s SBET stock up more than 900% in just one month, although there has been some short-term volatility.
Lubin, who serves as SharpLink’s Chairman of the Board, said:
“We don’t want to just hold ETH as a static asset, but rather make it part of a financial ecosystem that has real returns.”
Ethereum ‘Middle Child’ Ready to Break Out
Although ETH’s price performance over the past year has not been stellar compared to Bitcoin or Solana, Lubin remains steadfast in his belief:
“Ethereum is like the quiet ‘middle child’, focused on building a great infrastructure for the future. ETH’s story is not yet told.”
With Vitalik Buterin also recently stating that Ethereum will scale 10x in the next year, the possibility of ETH becoming the center of a new financial system no longer seems far-fetched.
Can ETH Overtake BTC?
Lubin made an interesting point when asked if ETH could “flippen” over Bitcoin:
“If Bitcoin is the ultimate decentralized trust, then ETH is the benchmark for the highest octane trust, it’s not just money, it’s energy, electricity, oil, the most trusted commodity on the planet.”
Conclusion: A New Chapter for ETH and the Ethereum Ecosystem
With the participation of major institutions, the backing of strategic investors, and the long-term vision of the founding team, Ethereum has an unprecedented opportunity to become a key pillar of the new global financial system. If sovereign wealth funds do indeed buy into ETH, this could signal the start of another strong Ethereum bull cycle.