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Crypto

Ethereum Institutional Closes Funding Round with Over 100 Investors

Guavy AI Editorial Team
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ETH
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Ethereum Institutional, a leading altcoin-focused network organization, has closed its initial funding round. The round drew over 100 institutional investors, including BitMine, SharpLink, 21Shares, Circle, Galaxy, and Bitwise, as well as Ethereum co-founders Joseph Lubin and Mikhail Alymov.

The amount of investment is not disclosed. However, all the funds raised will go towards accelerating work with banks, asset managers, custodians, and sovereign institutions to develop their products in the Ethereum ecosystem.

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