This week, the Enterprise Ethereum Alliance welcomed Polygon Labs, Ethena, and Nethermind as members. The Enterprise Ethereum Alliance is the institutional coordination layer for Ethereum – the neutral table where enterprises, infrastructure providers, and protocol teams align on how Ethereum is used in regulated, large-scale environments. With IPR, NDA, and antitrust protections in place, the Enterprise Ethereum Alliance enables coordination that cannot happen elsewhere.
“Ethereum’s institutional stack is being built by the teams in this room. These aren’t companies experimenting with blockchain. They’re building the infrastructure institutions will run on. The EEA is where that work gets connected to enterprise requirements—without the commercial conflicts that slow everything else down,” said Redwan Meslem, executive director of the Enterprise Ethereum Alliance.
Polygon Labs recently announced definitive agreements to acquire Coinme and Sequence for more than $250 million, expanding its footprint in regulated stablecoin payments and on-chain financial services. Together with Polygon, these capabilities form the Open Money Stack, an integrated set of services and technologies designed to move money instantly, reliably, and compliantly between traditional financial systems and onchain rails.
“Polygon processed more than $7 billion in stablecoin payments in one month. That level of volume reflects real payment infrastructure in use today. Joining the EEA enables us to partner with enterprises on global settlement, merchant access, and compliant rails,” said Marc Boiron, CEO of Polygon Labs.
Polygon Chain processed more than $7 billion in peer-to-peer stablecoin volume in November 2025 and supports major institutional deployments, including BlackRock’s BUIDL fund. As a member of the EEA, Polygon will contribute to discussions on payments infrastructure and institutional adoption.
Nethermind is a protocol engineering and research team that builds and maintains execution-layer infrastructure and security tooling used to run Ethereum in production. Its work focuses on the institutional requirements that determine whether systems can be deployed safely at scale, including performance under load, upgrade readiness, and verifiable security.
Within the Enterprise Ethereum Alliance, Nethermind strengthens technical working groups with implementation expertise across protocol engineering and security analysis, helping members move from enterprise requirements to reliable, testable deployments.
“Enterprises need implementation partners who understand protocol-level risk, performance constraints, and upgrade reality. Nethermind brings execution engineering and security depth to the EEA, helping members ship reliable Ethereum deployments,” said Nitin Gaur, head of institutional financial products at Nethermind.
Ethena’s USDe reached $10 billion in total value locked in 500 days. The protocol’s synthetic dollar approach offers an alternative to traditional fiat-backed stablecoins, with applications spanning treasury management and reward strategies. Ethena’s membership in the EEA supports its engagement with institutional stakeholders navigating onchain financial infrastructure.
“USDe reached $10 billion faster than any stablecoin in history because institutions want rewards and transparency. The EEA gives us a seat at the table with the enterprises exploring how DeFi-native instruments fit into regulated workflows,” said Miguel de Sousa, marketing lead for Ethena.