Ethereum Institutional Raises Funds, EF Appoints New Member Amid Security Focus
Ethereum Institutional, a non-profit organization aiming to boost institutional adoption of the Ethereum ecosystem, has completed its first funding round. Over 100 organizations and individuals participated in the round, led by BitMine, SharpLink, and co-founders Joe Lubin and Mihai Alisie.
The total amount raised was not disclosed, but participants include notable names such as 21Shares, Aave, Circle, Curve Finance, Robinhood, Uniswap Labs, Securitize, and ENS Labs. The organization plans to focus on helping companies implement Ethereum, promoting specific use cases, and identifying key areas of interest.
In related news, the Ethereum Foundation has appointed Pascal Coversacchio, co-founder of emergency crypto security service SEAL 911, to its board of directors. This move comes as the foundation sharpens its focus on security and privacy, which it described in June as 'non-negotiable protocol guarantees.'