Will Ethereum be the new favorite of governments and banks?

The interest in Ethereum (ETH) is increasing, not only among investors, but also with format institutions. According to Ethereum co-founder Joe Lubin, there are serious conversations with state funds and large banks about building new infrastructure on the Ethereum network.

State funds look at Ethereum

Lubin spoke about this during an episode of the podcast Fomo Hour From RUG Radio. There he called Ethereum “the bridge between the old and the new financial system” and said that the current financial model is approaching its best -before date.

“Decentralized protocols are the answer to building a new worldwide financial system,” said Lubin.

According to him, the conversations with state funds and banks focus on both Layer-1 and Layer-2 solutions. This seems to be solidly positioning Ethereum as a building block for the next generation of digital infrastructure.

Although Bitcoin (BTC) has been preferred as a strategic reserve so far, Lubin thinks that Ethereum is now also firmly on the radar of governments. Lubin predicts that Ethereum Bitcoin could be passed as the ultimate trusted digital asset.

Lubin controls on institutional adoption

Lubin Ethereum also tries to send that direction through other channels. As chairman of Sharplink Gaming, he recently participated in a $ 425 million financing round. The company wants to use strike, resting and defi-constructions to generate returns with Ethereum in a controlled manner.

According to Lubin, Ethereum is in a unique position: not as conservative as Bitcoin, not as experimental as Solana (SOL). He calls it the “Middle Child”, but therefore attractive for settings that are looking for a reliable, scalable blockchain.

Despite recent price falls, Lubin remains optimistic. He compares Ethereum with essential raw materials such as electricity and oil. “Bitcoin has made decentralized trust possible.” “Ethereum goes one step further and offers a platform to use that trust worldwide.”