TL;DR
- Over 35 major financial institutions now build live products on Ethereum.
- Tokenization expands across stocks, ETFs, and money market funds on-chain.
- Institutions are filing for staked Ethereum ETFs to capture native yield.
Ethereum consolidates its role as the primary blockchain for global finance as more than 35 large financial institutions build live products and infrastructure on the network. Data shared by the Ethereum Foundation confirms an unprecedented level of Wall Street participation, driven by one factor above all others: tokenized assets moving from concept to daily use. Banks, asset managers, payment firms, and technology companies now rely on Ethereum to issue, settle, and manage regulated financial products at scale.
Ethereum’s appeal rests on proven reliability, deep liquidity, and an open settlement layer that integrates with existing financial systems. Rather than experimental deployments, firms place real assets and real capital on-chain.
Kraken launched xStocks on Ethereum, allowing eligible clients to mint and redeem U.S. equities and ETFs as ERC-20 tokens backed by collateral. Users gain direct blockchain settlement while retaining exposure to regulated securities.
Ethereum is the #1 choice for global financial institutions.
Over the last few months, adoption has accelerated. Here are 35 stories of how institutions are building on Ethereum.
1/ @krakenfx launched xStocks on Ethereum, issuing tokenized versions of popular U.S. stocks and…
— Ethereum (@ethereum) January 19, 2026
Ondo Finance introduced Ondo Global Markets, offering over 100 tokenized stocks and ETFs with round-the-clock access and built-in lending and trading features. China AMC issued its Select USD Money Market Fund on Ethereum, a product representing hundreds of billions of dollars in assets, while enabling continuous settlement of short-term dollar instruments. Fidelity rolled out the FDIT tokenized money-market fund, using blockchain settlement to reduce friction without altering the underlying asset structure.
Banks, payments, and settlement move on-chain
Google published the Agent Payments Protocol on Ethereum, developed with the Ethereum Foundation, Coinbase, and MetaMask. The framework allows AI agents to execute stablecoin payments autonomously under defined controls. In parallel, UBS, PostFinance, Sygnum, and the Swiss Bankers Association tested deposit tokens on Ethereum, demonstrating legally binding, real-time settlement across banks.
JPMorgan migrated its tokenized deposit product to Base, an Ethereum Layer 2, shifting from closed infrastructure toward public blockchain settlement. Santander’s Openbank enabled ETH trading in Germany under MiCA rules, allowing retail customers to hold and trade Ethereum through bank accounts. American Express launched Amex Passport on Base, issuing NFT travel stamps that record verified trips on-chain.
SWIFT and more than 30 banks develop a shared ledger for tokenized assets using Consensys tooling, targeting real-time cross-border payments. Société Générale FORGE deployed EURCV and USDCV lending on Morpho and Uniswap, supplying institutional-grade collateral to decentralized markets. Stripe integrated stablecoins into subscription payments, enabling businesses worldwide to accept USDC with near-instant settlement.
BlackRock and Morgan Stanley filed applications for staked Ethereum ETFs, extending access beyond spot exposure toward native Ethereum yield. SoFi issued SoFiUSD on Ethereum, becoming the first U.S. national retail bank to release a stablecoin on a public chain. Beyond developed markets, the ADI Foundation partnered with M-Pesa, connecting tens of millions of users to blockchain-based cross-border payments.
