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Ex-Citi, Jupiter executives: Ethereum upgrade is ‘game changing’ for tradfi

Blockchain update opens the door to crypto investing for a larger pool of banks and asset managers

By Alex Daniel
The Shanghai upgrade is the first major change to the Ethereum network since the Merge in September 2022, and could play into institutional investors' hands
The Shanghai upgrade is the first major change to the Ethereum network since the Merge in September 2022, and could play into institutional investors' hands Photo: Getty Images

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Bankers who are now crypto bosses say a recent upgrade to the Ethereum blockchain is an “important moment” for banks and asset managers that are looking to invest in digital assets.

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