News, data and analysis on tokenized assets, market design and digital economic systems.
The Swiss non-profit foundation established in 2014 that funds Ethereum protocol research and client development, and whose treasury policy holds its reserves in ether that is solo-staked or lent, making the largest holder of a settlement asset a declared participant in the markets built on it.
Stiftung Ethereum, the Swiss non-profit foundation established in 2014 that funds Ethereum protocol research and client development, runs the Ecosystem Support Program and academic grants, organises Devcon and operates the bug bounty; it states that it neither controls Ethereum nor is its only funder. Its first treasury policy, published on 4 June 2025, sets annual operating expenditure at 15% of the treasury with a 2.5-year fiat buffer, and commits to reduce that to a 5% baseline over five years, holding the remainder in ether that is solo-staked or supplied to established lending protocols. That makes the largest holder of a settlement asset also a declared participant in the lending markets built on it, and its published mandate of censorship resistance, open source, privacy and security is the stated filter for what it funds.
Developments in which Ethereum Foundation is a named party, newest first.
Robinhood began operating Robinhood Chain on mainnet on 1 July 2026, alongside round-the-clock tokenized stock trading, perpetual futures and onchain lending. The tokens give price exposure rather than direct share ownership.
Ethereum client teams locked the devnet-0 specification for the Glamsterdam upgrade in June 2026, with enshrined proposer-builder separation (EIP-7732) and block-level access…
Ethereum's first release, Frontier, went into operation at 15:26:13 UTC on 30 July 2015, producing the genesis block of the network on which most later tokenized securities, funds and dollar tokens were issued. Blocks were capped at 5,000 gas until the Frontier thawing upgrade of 7 September 2015 lifted the limit.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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