About this episode
In this interview, Camila Russo sits down with Danny Ryan — former Ethereum Foundation researcher and a key leader behind Ethereum’s shift to proof of stake — now Co-Founder & President at Etherealize, to talk about the next big wave for crypto: institutional adoption of Ethereum.Recorded in Buenos Aires during Devconnect, Danny breaks down why the mood inside banks has flipped from “we can’t touch crypto” to “if we don’t adopt it, we’ll be left behind.” We dig into what institutions actually want beyond ETFs, why the biggest opportunity isn’t “tokenizing assets” but rewiring markets from first principles, and why privacy is table stakes for institutional-grade onchain finance.We also cover the regulatory whiplash of the last few years, what’s changed, what still needs to be written into law, and why Danny believes Ethereum is uniquely positioned for serious capital markets infrastructure.Key topics:Why banks suddenly have Ethereum FOMOThe difference between “tokenizing assets” vs rewiring marketsWhere the biggest inefficiencies are (credit, fixed income, esoteric institutional markets)Why privacy + ZK are essential for institutionsCoordination problems, incentives, and who doesn’t want markets to upgradeEthereum’s edge: neutrality, uptime, decentralization, and security? If you enjoyed this episode, like, subscribe, and share it with someone who still thinks institutions only care about ETFs.
