Crypto markets may feel bearish, but the development of blockchain-based financial infrastructure has not slowed down.
Over the past few months, banks, asset managers and major fintech platforms have continued launching products on Ethereum and its Layer 2 networks. The announcements cover tokenized money-market funds, stablecoins, fixed income, equities and the less glamorous—but equally important—work of improving privacy and network capacity.
Ethereum is not the only blockchain being used by financial institutions, and several of the products below are multi-chain. Nevertheless, it remains the largest single network for tokenized real-world assets, according to the live RWA.xyz network dashboard, while Ethereum and its Layer 2 ecosystem continue to attract some of the industry’s most prominent deployments.
Here are ten of the summer’s strongest examples.
1. Robinhood launched its own Ethereum Layer 2
Robinhood officially launched the public mainnet of Robinhood Chain, a Layer 2 built using Arbitrum technology. The platform is designed for tokenized real-world assets and supports Robinhood Stock Tokens, which provide economic exposure to stocks and ETFs for eligible users outside the United States.
The significance is not a claimed TVL figure—it is that a major regulated brokerage has chosen an Ethereum-based environment for its next generation of financial products.
Source: Robinhood, 1 July 2026
2. Revolut launched a euro stablecoin on Ethereum
Revolut began phased testing of EURR, its euro-backed stablecoin, on Ethereum. The initial rollout covers eligible customers in Denmark, Poland and Portugal.
EURR is issued by Bridge Building S.A. and offered through MiCA-regulated entities. With Revolut reporting more than 75 million customers, this is a notable example of a mainstream fintech connecting familiar fiat services with public blockchain infrastructure.
Source: Revolut, 8 August 2026
3. BlackRock launched an Ethereum-based share class
BlackRock launched OnChain Shares of its Select Treasury Based Liquidity Fund, or BSTBL. The new share class is represented on Ethereum, with BNY acting as transfer agent and tokenization provider.
Unlike a speculative crypto product, this is an onchain version of an existing regulated money-market fund. BlackRock also designed the strategy with the intention of making it eligible for use as a reserve asset by permitted US stablecoin issuers under the GENIUS Act.
Source: BlackRock, 3 August 2026
4. J.P. Morgan Asset Management launched another fund on Ethereum
J.P. Morgan Asset Management launched JLTXX, its second tokenized money-market fund and its first registered government money-market fund on Ethereum.
The firm provided $100 million of initial capital. Qualified investors can receive token balances at their blockchain addresses and subscribe or redeem through J.P. Morgan’s Morgan Money platform, using cash or supported stablecoin infrastructure.
Source: J.P. Morgan Asset Management, 13 May 2026
5. Neuberger brought an actively managed credit strategy onchain
Neuberger and Securitize launched HINC, a tokenized fund investing primarily in high-yield bonds, alongside other income-producing assets such as leveraged loans and collateralized loan obligations.
The fund is available across Ethereum, Avalanche, Solana and Sui. It is restricted to eligible accredited investors and qualified purchasers, but it demonstrates how tokenization is moving beyond Treasury bills into actively managed fixed-income products.
Source: Neuberger and Securitize, 18 August 2026
6. Ondo moved tokenized equities closer to 24/7 markets
Ondo expanded selected tokenized US stocks and ETFs to support 24/7 minting and redemption—not merely round-the-clock secondary-market transfers.
The service operates across Ethereum, BNB Chain and Solana and is subject to jurisdictional and eligibility restrictions. According to Ondo, its wider platform now lists more than 430 tokenized stocks and ETFs and has surpassed $1 billion in total value locked.
Source: Ondo Finance, 25 June 2026
7. Franklin Templeton connected tokenized funds with institutional trading infrastructure
Franklin Templeton partnered with MoonPay to connect its Benji tokenization platform with MoonPay Trade. The integration is intended to make it easier for eligible institutions to move between stablecoins and tokenized money-market-fund exposure.
Benji is a multi-chain platform that includes Ethereum. The importance of this announcement is the focus on practical workflows: treasury management, liquidity, portfolio rebalancing and potential collateral use.
Source: Franklin Templeton, 2 June 2026
8. Ethereum gained a dedicated institutional “front door”
Ethereum Institutional launched as an independent nonprofit focused on helping banks, asset managers, custodians, fintechs and market-infrastructure providers understand and deploy Ethereum-based systems.
This is not itself a financial product, but it addresses a real weakness: decentralized ecosystems can be difficult for regulated institutions to navigate. The organization is intended to translate institutional requirements into practical Ethereum deployments.
Source: Ethereum Institutional
9. EthSystems began tackling institutional privacy
EthSystems emerged from work previously conducted by the Ethereum Foundation’s Institutional Privacy Task Force. Its focus is confidential financial infrastructure, including private bond proofs of concept, selective-disclosure stablecoin transfers and privacy-preserving settlement.
This matters because banks cannot place every position, customer identity and transaction detail on a completely transparent ledger. Privacy that still allows regulatory disclosure could become essential to wider institutional adoption.
10. Ethereum began public testing for its next major upgrade
In August, Ethereum opened the Platåberget testnet for the forthcoming Glamsterdam upgrade. The work includes changes intended to support greater network capacity, future parallel transaction processing, larger smart contracts and more sustainable management of Ethereum’s growing database.
Glamsterdam had not reached mainnet at the time of writing, so these benefits should not be described as completed. Nevertheless, the public testing demonstrates that Ethereum’s base layer is still being actively improved alongside institutional adoption.
Source: Ethereum Foundation, 17 August 2026
Building through the bear market
None of these projects guarantees a higher ETH price, and not every tokenized product will succeed. Some are restricted to institutions, some operate across multiple blockchains, and others remain in testing.
But collectively, they point to an important trend. Ethereum is increasingly being used not simply for crypto trading, but for regulated funds, stablecoins, brokerage products, fixed income, settlement and financial-market infrastructure.
That is why a bear market can be misleading. Prices measure today’s appetite for risk; infrastructure development indicates what companies expect to use tomorrow. If market confidence and liquidity eventually return, Ethereum may enter the next cycle with considerably more real financial infrastructure than it had when the downturn began.
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