Ethereum’s Wall Street Push Led by Vitalik Buterin
- Vitalik Buterin and the Ethereum Foundation are investing in Etherealize, a startup aimed at promoting Ethereum on Wall Street.
- Etherealize is founded by Vivek Raman, a former bond trader with experience at Nomura Holdings and UBS Group AG.
- Ethereum has underperformed Bitcoin, with BTC gaining 160% compared to ETH’s 40% increase over the past year.
- The startup aims to enhance Ethereum’s appeal to financial institutions by focusing on tokenization and usability improvements for banks.
- Net inflows into Ether ETFs have reached $2.725 billion since their inception.
Etherealize, backed by Vitalik Buterin, seeks to boost Ethereum’s institutional recognition as it lags behind Bitcoin in market performance. The startup focuses on promoting Ethereum to financial institutions through tokenization and other enhancements.
Source (2.6)https://coingape.com/is-vitalik-buterin-planning-ethereum-makeover-with-wall-street-connection/?rand=24432
