For nearly a decade, Consensys has helped build Ethereum into the foundation for a more open, resilient, and powerful global economic system. Today, the momentum behind this transformation is unmistakable—as our founder and Ethereum co-founder Joseph Lubin wrote in the Financial Times last week: The technology is no longer speculative. It is operational. 

In that spirit, we’re proud to announce our role as the lead investor in SharpLink Gaming’s $425,000,000 fundraise, alongside leading crypto funds and protocols. SharpLink intends to use the proceeds to purchase ETH, Ethereum’s native asset, and adopt it as their primary treasury reserve asset. This marks an expansion of SharpLink’s strategy and signals growing recognition of Ethereum’s role in the global economy, as well as the ways companies and individuals can be involved.

Building an Ethereum Treasury Strategy

SharpLink Gaming (NASDAQ: SBET) is a public company aligned with our vision of Ethereum as a new kind of economic infrastructure forming the trust layer of the internet. SharpLink’s use of proceeds to purchase ETH reflect our shared, deep confidence in Ethereum as the foundation of a programmable global economy. We believe Ethereum, and its robust economy for staking, restaking, and decentralized finance (DeFi), present structurally superior opportunities for SBET in both treasury management and ecosystem growth, especially when compared to what currently exists in the public market.

As part of this strategic partnership, Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, will become Chairman of SharpLink upon the closing of the fundraise. His leadership and expertise will help guide SharpLink’s integration of Ethereum into its core operations and long-term vision. The collaboration represents a powerful alignment between pioneering leadership, capital markets, and cutting-edge blockchain infrastructure.

SharpLink’s leadership team, backed by leading investors such as ParaFi, Pantera, Galaxy, and Electric Capital, joins a growing cohort of forward-thinking institutions leveraging Ethereum as a globally-accessible reserve asset with immense long-term value.

Ethereum: The new protocol for global finance

Ethereum is solidifying its position as the bedrock of a new foundational financial protocol - one capable of replacing the friction and fragmentation of legacy systems with seamless digital settlement, programmable assets, and neutral global interoperability.

This shift from the age of gold, ink, and paper to a digital-native economy paves the way for lower costs, faster innovation, and greater sovereignty over value, assets, and even identity.

Already, Ethereum has achieved massive real-world scale. In the past year, over $14.2 trillion in stablecoin transactions were securely settled on Ethereum, which hosts over half of the stablecoin supply. Ethereum boasts the deepest liquidity and the richest ecosystem of applications. Over 65 percent of DeFi total value locked resides on Ethereum or its Layer 2s. Institutional pioneers are already moving billions in tokenized assets onto Ethereum. And the developer ecosystem—the largest in the industry—continues to expand the frontier.

We envision a future where Ethereum underpins everything from tokenized real-world assets and decentralized finance to AI-driven commerce and global remittances. Soon, settlement will be open, composable, and interoperable—transformational not just for finance, but for society.