Etherealize: Wall Street Moves from Experiments to Ethereum Adoption

Traditional financial institutions are no longer viewing blockchain as an experimental technology and are beginning to integrate Ethereum-based solutions into real business processes. This was stated by Vivek Raman, founder of Etherealize, in an interview with CoinDesk.

According to him, major banks and asset management firms are gradually transitioning from pilot projects to the practical use of public blockchains as operational infrastructure.

He identified stablecoins as the first institutional use case. The focus then shifted to tokenized stocks, bonds, real estate, and investment funds. Raman linked this trend to Ethereum's dominance in the segments of stablecoins, liquidity, and institutional deployments.

However, the growing interest from TradFi participants has yet to be reflected in the price of ETH. Raman explained this by the lengthy transaction cycles in traditional finance and the lag between infrastructure development and the transfer of assets on-chain.

He believes that Ethereum has entered a transitional phase: the foundational infrastructure is mostly built, but the scale of adoption is still "not visible" in cryptocurrency prices. In the near future, the market may reassess ETH's role as an asset that secures the network.

Raman also defended the Ethereum Foundation amid criticism regarding personnel changes and the organization's evolving role. He stated that the foundation must uphold the core principles of the network—security, censorship resistance, privacy, and open standards—and continue working on long-term initiatives like ZKP technologies and protection against quantum threats.

Raman suggested that the ultimate success of Ethereum should be measured not by price, but by the level of adoption, the number of users, the volume of stable assets, and the practical utility of the network.

Additionally, it is worth noting that David Hoffman, co-founder of the educational platform Bankless, has reduced his position in ETH and stated that he no longer expects a significant structural revaluation of the coin.