Ethereum (ETH) is fast becoming the go-to treasury asset for forward-thinking companies, according to Ray Youssef, CEO of finance app NoOnes. As digital asset strategies evolve beyond passive holdings, ETH’s utility, staking yield, and dominant position in tokenized assets are now attracting growing corporate attention.
“Ethereum starts to look like a hybrid between tech equity and digital currency,” said Youssef, highlighting a paradigm shift in treasury thinking.
Corporate ETH Holdings Surge Past $1.6 Billion
In just the past month, corporate Ethereum allocations have crossed $1.6 billion, led by firms aiming to align with the tokenized finance ecosystem. Top players include:
- SharpLink Gaming – Over 280,000 ETH (~$840 million), making it the largest corporate ETH holder.
- BitMine – Backed by Fundstrat’s Tom Lee, holding 163,142 ETH (~$480 million).
- Bit Digital – Acquired 100,000+ ETH, restructuring its treasury strategy.
- BTCS – Recently increased its holdings to 29,122 ETH following a $62.4 million capital raise.
- GameSquare – Announced a $100 million Ethereum treasury program.
Youssef noted that while Bitcoin remains the digital gold standard, Ethereum is winning favor with institutions involved in real-world asset tokenization and DeFi infrastructure.
Staking Yield and Compliance Drive Institutional Adoption
Ethereum offers a native staking yield, programmable smart contracts, and a compliance-friendly evolution roadmap. These attributes are appealing to companies with digital-first models.
“Firms involved in stablecoins, tokenized debt, or smart contract execution are now seeing Ethereum as a reserve currency for their operations,” Youssef explained.
Ethereum Dominates the RWA Market
According to data from RWA.xyz, Ethereum leads the Real-World Asset (RWA) space with:
- 315 active RWA projects
- $7.76 billion in total value, commanding 58.1% of the market
Trailing behind are:
- ZKsync Era (Ethereum L2): 17% market share
- Solana: 4.15% market share but fastest growth at 22.28%
Youssef emphasized Ethereum’s growing role in onchain financial instruments, especially tokenized US Treasuries, corporate debt, and equity, due to its deep liquidity and protocol standards.
Regulatory Clarity Still Needed
Despite the momentum, regulatory uncertainty remains a major hurdle, especially around staking classifications. Youssef called for clearer frameworks on whether staking is considered a service, security, or another asset class, which would help accelerate ETH adoption across treasuries.
Outlook
Ethereum’s combination of financial utility, scalable infrastructure, and institutional-grade staking is rapidly positioning it as the preferred treasury asset for the next generation of tech-savvy firms. As regulatory clarity improves, more companies are expected to convert part of their balance sheets into ETH, accelerating Ethereum’s role as a cornerstone of digital finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.