Ethereum (ETH) Is Now ‘Prime Time-Ready’ for Institutional Investors, According to Nexo Co-Founder – Here’s Why

Ethereum (ETH) Is Now ‘Prime Time-Ready’ for Institutional Investors, According to Nexo Co-Founder – Here’s Why


The co-founder and managing partner of crypto lender Nexo, Antony Trenchev, is saying that large institutions are now more likely to invest in Ethereum (ETH) after the crypto asset’s transition to a proof-of-stake consensus mechanism.

Trenchev says in a Bloomberg interview that Ethereum’s transition to a less energy-intensive transaction-verification mechanism makes it acceptable to institutional investors who are required to be aligned with the Environmental, Social and Governance (ESG) sustainable investing guidelines.

“With the merge and now the moving to the energy efficiency, we are now having this asset class be prime time-ready for large institutions that previously did not, via their mandates to invest in only ESG-compliant protocols and companies. You know now they have this entry point to crypto which is sizable.”

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