Institutional Ethereum infrastructure requires three issues working in coordination: cost rails that work at scale, monetary devices that establishments can truly use, and protocol engineering that makes the whole system secure to run in manufacturing.
With the addition of Polygon Labs, Ethena, and Nethermind, the EEA now has members constructing every of those layers and connecting them to enterprise necessities by way of the Alliance’s working teams, specs, and coordination framework.
“Ethereum’s institutional stack is being constructed by the groups on this room. These aren’t firms experimenting with early-stage infrastructure. They’re constructing the infrastructure establishments will run on. The EEA is the place that work will get related to enterprise necessities with out the industrial conflicts that gradual every part else down.”
— Redwan Meslem, Government Director, Enterprise Ethereum Alliance
Polygon Labs: Fee Infrastructure at Institutional Scale
The enterprise case for Polygon is easy: in November 2025, Polygon Chain processed greater than $7 billion in peer-to-peer stablecoin quantity in a single month. That isn’t a testnet determine or a projection. It’s manufacturing cost infrastructure working at a quantity that calls for institutional-grade reliability, compliance, and settlement.
Polygon Labs lately introduced definitive agreements to amass Coinme and Sequence for greater than $250 million, constructing what it calls the Open Cash Stack, an built-in set of companies designed to maneuver cash immediately and compliantly between conventional monetary techniques and on-chain rails. The infrastructure already helps main institutional deployments, together with BlackRock’s BUIDL fund.
As a member of the EEA, Polygon will contribute to discussions on funds infrastructure, world settlement, service provider entry, and the operational requirements required for on-chain funds to serve regulated monetary establishments.
“Polygon processed greater than $7 billion in stablecoin funds in a single month. That stage of quantity displays actual cost infrastructure in use in the present day. Becoming a member of the EEA allows us to companion with enterprises on world settlement, service provider entry, and compliant rails.”
— Marc Boiron, CEO of Polygon Labs
Ethena: Scaling Onchain-Native Monetary Devices
Ethena’s USDe grew to become the quickest digital greenback asset in historical past to succeed in $10 billion in whole worth locked, attaining that milestone in 500 days. For context, no stablecoin – fiat-backed or in any other case – has reached that scale in that timeframe.
The protocol’s artificial greenback method gives an alternative choice to conventional fiat-backed stablecoins, with functions spanning treasury administration and reward methods. This issues for institutional adoption as a result of it represents a essentially completely different structure for onchain greenback devices—one which establishments are actively evaluating as they construct treasury and settlement workflows on Ethereum.
Ethena’s membership within the EEA helps its engagement with institutional stakeholders navigating how onchain-native devices match into regulated monetary workflows.
“USDe reached $10 billion quicker than any stablecoin in historical past as a result of establishments need rewards and transparency. The EEA provides us a seat on the desk with the enterprises exploring how onchain-native devices match into regulated workflows.”
— Miguel de Sousa, Advertising and marketing Lead, Ethena
Nethermind: Securing Ethereum’s Execution Layer
Establishments deploying on Ethereum must know that the infrastructure they’re operating on is safe, performant beneath load, and ready for protocol upgrades. That’s Nethermind’s area.
Nethermind is a protocol engineering and analysis staff that builds and maintains execution-layer infrastructure and safety tooling used to run Ethereum in manufacturing. Their work addresses the institutional necessities that decide whether or not techniques will be deployed safely at scale: efficiency beneath load, improve readiness, and verifiable safety.
That is the layer that the majority enterprise discussions skip previous. Fee rails and monetary devices get the eye. However none of it really works with out execution-layer infrastructure that meets the reliability requirements establishments require. Nethermind brings that depth to the EEA’s technical working teams, serving to members transfer from enterprise necessities to deployments they will truly run.
“Enterprises want implementation companions who perceive protocol-level threat, efficiency constraints, and improve actuality. Nethermind brings execution engineering and safety depth to the EEA, serving to members ship dependable Ethereum deployments.”
— Nitin Gaur, Head of Institutional Monetary Merchandise, Nethermind
Why These Three Members Matter Collectively
Every of those organizations joined independently, however the sample is price noting.
Polygon is constructing the cost rails. Ethena is constructing the monetary devices. Nethermind is securing the protocol infrastructure that each of them run on. Collectively, they characterize three layers of a single institutional stack—and all three at the moment are coordinating by way of the EEA alongside JP Morgan, Microsoft, EY, Consensys, Chainlink, and the remainder of the Alliance’s membership.
That is institutional Ethereum in manufacturing. The EEA’s function is to ensure the folks constructing every layer are in the identical room, working from shared requirements, and connecting to enterprise necessities which might be outlined collaboratively somewhat than in isolation.
What Comes Subsequent
Polygon, Ethena, and Nethermind be part of a membership that features a few of the most important names in each conventional enterprise and the Ethereum ecosystem. The EEA’s working teams—together with the newly launched Privateness Working Group and the Crosschain Interoperability Working Group—present the discussion board the place these members translate institutional necessities into shared requirements and specs.
In case your group is constructing institutional infrastructure on Ethereum and desires to be a part of this coordination, discover membership at entethalliance.org/become-a-member.
