FinanceWall Street is moving past crypto pilots and deeper into Ethereum, says Etherealize founder
In a recent discussion with CoinDesk, Vivek Raman, co-founder of Etherealize, indicated that Ethereum is undergoing a pivotal transition. While the necessary infrastructure is largely established, the true extent of its adoption has yet to manifest in the value of ETH.
By Margaux Nijkerk|Edited by Nikhilesh De Jun 13, 2026, 4:00 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on
SummaryShow- The trend of institutional adoption of Ethereum is evolving from mere experimentation to practical implementation, as Wall Street increasingly investigates tokenization of stocks, bonds, funds, and real estate on the Ethereum network, driven by growing confidence in its infrastructure.
- Although institutional interest in Ethereum is rising, this has not yet been fully reflected in the price of ETH, which Raman attributes to the lengthy timelines associated with institutional adoption and the delay between infrastructure development and actual asset migration on-chain.
According to Vivek Raman, the founder of Etherealize, Ethereum’s journey towards widespread institutional adoption is advancing from theoretical discussions to tangible applications.
After a prolonged period of pilot projects and trials, Raman noted that major financial institutions are starting to view public blockchains as essential production infrastructure rather than as a new technology.
"A year and a half ago it was proof-of-concept, dip your toe in," Raman remarked. "Now it's: we need to jump in head first and use public chains just like we all use the internet."
This transformation signals a significant change in Wall Street's perception of Ethereum. While stablecoins were initially seen as the primary institutional use case, Raman asserts that discussions are now expanding to encompass tokenized stocks, bonds, real estate, and investment funds. Ethereum's leadership in stablecoins and liquidity has fostered a network effect that continues to draw in traditional financial entities.
"Ethereum originated as a liquidity hub, prompting consumers to consider incorporating other asset classes," he explained. "These assets span stocks, bonds, fixed income, and real estate."
However, despite this increasing institutional enthusiasm, ETH's market performance has not aligned with this interest, leading to discontent among some investors. Raman attributes this disparity mainly to timing issues.
"The sales cycles for institutions are especially long," he stated. "The infrastructure is ready; we just haven't seen all the assets migrate on-chain yet."
He believes that Ethereum is in a transitional state where the necessary infrastructure has been set up, but the full scale of adoption is not yet reflected in the value of the asset itself. As more tokenized assets transition onto the blockchain, he expects the market will reassess ETH’s significance as the asset that secures the network.
"Looking back at the headlines, it will be clear: the global financial system's internet moment occurred on Ethereum," he commented.
Raman also addressed criticisms directed at the Ethereum Foundation, which has faced scrutiny due to leadership changes and its evolving role within the ecosystem. He contends that the foundation's choice to take a step back is a positive attribute rather than a negative one.
"The foundation of the financial system should not be controlled by a single entity," he emphasized. "The network is universal. The components are all present now. It's time to transfer control."
Instead of acting as a central facilitator, Raman believes the foundation should concentrate on preserving Ethereum's core principles—security, resistance to censorship, privacy, and open standards—while also addressing long-term priorities like zero-knowledge technology and quantum resistance.
Ultimately, Raman suggests that the success of Ethereum should be gauged not by its price but by its adoption rates.
"The ultimate goal for any blockchain is to attract users, create sustainable assets, and demonstrate real utility," he stated.
Read more: Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war
Ethereum NewsLatest Crypto News- 1Here's what SpaceX's IPO means for its $1.3 billion bitcoin reserve1 minute ago
- 2Stablecoins Were Meant to Disrupt Finance. Instead, They Became Idle Cash.10 minutes ago
- 3Bitcoin rises above $64,000 after Pakistan prime minister says Iran peace deal is near44 minutes ago
- 4Tokenization mirrors the $20 trillion ETF boom as blockchain and AI converge, Ondo exec says1 hour ago
- 5Perpetual futures could become crypto's next ETF moment3 hours ago
- 6Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin3 hours ago
- 7Crypto should adopt the best of centralization, says LMAX CEO 4 hours ago
- 8Ripple wants AI agents to pay in XRP and RLUSD. The market is still mostly USDC5 hours ago
- 9Top cryptographers can't agree on Bitcoin's biggest quantum question10 hours ago
- 10Anthropic's pre-IPO shares fall as U.S. government shuts down its most powerful AI model10 hours ago
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
By CoinDesk ResearchJun 12, 2026Commissioned byio.netio.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
Why it matters:
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
View Full ReportMore From Finance