Bitmine, Sharplink and Joe Lubin Back New Ethereum Institutional Non-Profit

A new non profit called Ethereum Institutional has launched with backing from the two largest ETH treasury companies, Bitmine and Sharplink, alongside Consensys CEO and Ethereum co founder Joseph Lubin. The organization describes itself as dedicated to accelerating institutional adoption of Ethereum, its layer-2 networks and broader ecosystem, positioning itself as a neutral party for institutions navigating the space.

Filling a Gap in Ethereum’s Institutional Presence

Co-founder David Walsh said the organization intends to serve as an honest, unbiased counterpart that institutions can consult when building on Ethereum, helping leadership understand the ecosystem without bias toward any single product or vendor.

Launch Follows Major Ethereum Foundation Restructuring

The announcement comes after the Ethereum Foundation cut 20% of its staff and narrowed its focus. Former EF contributors recently formed EthLabs to handle protocol research, making Ethereum Institutional a complementary organization focused on commercial and institutional outreach rather than technical development.

Standard Chartered’s Geoffrey Kendrick said both organizations would improve communication between Ethereum and institutional partners.