Blockchain types stories

Aug 15, 2026

Etherealize CEO warns traditional finance's permissioned blockchain push is 'race to the bottom'

Etherealize co-founder Vivek Raman criticized the resurgence of private, permissioned consortium blockchains in traditional finance, warning they risk recreating siloed systems that undermine interoperability.

Aug 15, 20261 source

Top claims

▪Etherealize CEO Vivek Raman stated that open networks provide maximum interoperability and liquidity, whereas consortium chains require permission and reduce incentives for late-joining members.
▪In 2016, major banks including Goldman Sachs, Morgan Stanley, and Santander withdrew from R3's distributed ledger consortium Corda before the end of that year.
▪Etherealize, which was seeded by a grant from Vitalik Buterin and the Ethereum Foundation in January 2025, raised $40 million in Series A funding later in 2025 to attract traditional finance firms to Ethereum.

People involved

Vivek Raman

Subtopics

Blockchain interoperability1 DeFi1 Ethereum1 Institutional crypto adoption1

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