Joe Lubin: Consensys is in talks with institutions in a “very big” country about Ethereum-based developments
Banks and sovereign wealth funds want to build blockchain-based infrastructure
04.06.2025 - 10:25
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What’s new? Ethereum co-founder and Consensys CEO Joe Lubin said the firm is in talks with major financial institutions in one unnamed “very big” country about potential Ethereum developments.
What else is known?
“We’re talking to major sovereign wealth funds and banks in a particular country who are interested in, ‘How do build infrastructure in the Ethereum ecosystem?’” the developer said.
Lubin suggested that as part of the collaboration, the way forward could include building infrastructure on the underlying Ethereum blockchain or developing its own Layer 2 (L2) solutions.
Last week, Consensys led an investment in publicly traded SharpLink Gaming, which raised $425 million to launch its ETH treasury. As a result of the deal, Lubin took over as chairman of SharpLink’s board of directors.
According to Lubin, SharpLink will seek to take advantage of staking, restaking, and DeFi protocols in order to increase returns. This proactive approach differs from the bitcoin strategy popularized by Michael Saylor’s Strategy: such companies seek to simply increase the amount of BTC per share through accumulation.
MetaMask allows the possibility of the creation of its own MASK native token
Plans to launch the asset first began to be discussed in 2021
Consensys is the developer of the leading non-custodial software crypto wallet MetaMask, with 30 million monthly active users as of 2024.
Earlier it became known that Consensys sent $100 000 to Donald Trump’s inaugural fund.
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