- The Ethereum network has attracted 35 major global financial institutions in the past few months.
- U.S., Europe, and Asia lead Ethereum adoption as MiCA and other regulations support growth.
- Onchain data shows ETH daily transactions have surged to a new ATH.
Ethereum continues to lead institutional blockchain adoption, with 35 major global financial institutions leveraging the network to catalyze growth through digital assets and Web3 technologies.
Ethereum Onboards 35 Major Global Institutions
According to the announcement, the Ethereum network has registered a significant growth in institutional use cases during the past few months. Having maintained a consistent uptime since inception, the Ethereum network has become a powerhouse for onboarding institutional investors.
Institutional investors across all regions are building on Ethereum, with most adoption coming from U.S.-based firms. Some notable U.S.-based firms that have adopted Ethereum in recent years include Google, Fidelity, Stripe, Kraken, BNY Mellon, BlackRock, Morgan Stanley, SPDJ Indices, and the Commodity Futures Trading Commission (CFTC).
In Europe, the Ethereum network has attracted a significant number of financial institutions due to the ongoing implementation of the Markets in Crypto Assets (MiCA) regulations. Some of the Europe-based financial institutions include: Swiss-based UBS, PostFinance, Sygnum, France-based Amundi, and WisdomTree.
In Asia, some of the financial institutions that have adopted the Ethereum network include: ChinaAMC, Ant Group, JPYC, and Sony Bank. In the Middle East, the UAE-based ADI Foundation recently adopted the Ethereum network.
Meanwhile in Africa, Kenya-based mobile money, M-Pesa, intends to onboard more than 60 million customers onchain through the Ethereum network.
What’s the Market Impact
The palpable institutional-led adoption of the Ethereum network has significantly influenced its market outlook. According to onchain data analysis from Etherscan, Ethereum’s daily transaction count has recently surged to a new all-time high (ATH).
The rising demand for Ethereum by financial institutions will further catalyze the mainstream adoption by retail investors. According to Tom Lee, who has led BitMine in accumulating over $11 billion in ETH, the notable adoption of Ethereum by financial institutions in the past few months highlights its importance in the future of finance.
As such, the ETH price is well-positioned to grow exponentially in the coming months. With the United States lawmakers expected to pass the CLARITY Act soon, the demand for ETH is well poised to surge in 2026.
Related: CLARITY Act Stalls as Analyst Poppe Stays Bullish on Crypto
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Source: https://coinedition.com/35-global-financial-institutions-now-building-on-ethereum/