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Ethereum Institutional Closes First Funding Round — SEAL 911 Co-founder Joins Ethereum Foundation Board

We break down the latest Ethereum ecosystem news: how much the organization raised and the new faces joining the EF board.

Ethereum Institutional, the independent organization launched to drive institutional adoption of the ecosystem, has announced the close of its first funding round. More than 100 organizations and individuals participated.

The round was led by BitMine, SharpLink, and Ethereum co-founders Joe Lubin and Mihai Alisie. Participants include 21Shares, Aave, Circle, Curve Finance, Robinhood, Uniswap Labs, Securitize, and ENS Labs. The total raised was not disclosed.

Hot topic: Bitcoin Treasury Hyperscale Sells 9% of Its BTC Despite Indefinite Hold Pledge Separately, the Ethereum Foundation (EF) has appointed Pascal Coversacchio, co-founder of emergency crypto security service SEAL 911, to its board of directors.

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