Ethereum is the home of onchain finance.

The record holds institutions only: live deployments by banks, asset managers, market infrastructure, public bodies and established corporates and payment companies, on Ethereum mainnet, a named Ethereum layer 2, or a named private network run on Besu, Ethereum's own enterprise client, or on ZKsync's Prividium. Crypto-native firms, pilots, announcements and anything on Polygon or another EVM chain are held out, except the layer 2 networks of Coinbase (Base), Kraken (Ink) and OKX (X Layer). Inclusion means one thing only: when the row was last checked, a named institution had a specific, publicly reported deployment, and at least one source for it is linked in the row. It does not mean the deployment is large, successful, ongoing or strategically important to the institution. Some rows are small; some rows marked live describe bonds that have since matured; where a supply sits with a handful of addresses, the row says so. A figure carries the date it was true, and figures that could not be dated were left out. Rows resting on weaker sourcing say so in their notes. The largest bank programs run on permissioned chains and are absent here by definition. Absence from the record is not evidence of absence in the world. BitMine and SharpLink, two anchor funders of Ethereum Institutional represented on its board, are held out as crypto-native firms under the same rule as every other; were either to qualify, its row would carry that disclosure, and any public use of this data must carry it too.