WiremarketsBrief
Ethereum Could Play a Bigger Role in Global Finance by 2029
Ethereum could become an increasingly important part of global finance over the next three years. With major investment firms already using the network for tokenized assets and developers preparing significant upgrades, Ethereum’s role could extend far beyond cryptocurrency trading.
Brief
A Bitcoinist article argues that Ethereum may take on a larger role in global finance by 2029. It points to asset managers already using the network: BlackRock's BUIDL fund was first launched on Ethereum, and JPMorgan has introduced a tokenized money market fund built on the same infrastructure. BlackRock chief executive Larry Fink, speaking at the World Economic Forum in January, said tokenization could lower transaction costs, though the article notes his remarks addressed tokenized assets broadly rather than Ethereum specifically. It also highlights stablecoins, including USDT and USDC, which run on Ethereum, and SoFi's stablecoin built on Ethereum and Solana. Developers have planned upgrades: Glamsterdam is expected in late 2026 and Hegotá in 2027, while post-quantum protection is targeted across core layers by December 2029. The article adds that rival blockchains remain strong competitors, particularly on fees and speed.
Why it matters: It matters because financial institutions increasingly view blockchain as infrastructure, and the network's security roadmap speaks directly to what they require before committing more assets.
Read the full story
Mentioned in this story
Open a coin page for its current price.