New York City, United States, February 10, 2026
Enterprise Ethereum Alliance announced today that Polygon Labs (formerly Ethena) and Nethermind joined as members. This reflects the consolidation of Ethereum’s institutional infrastructure in the areas of payments, financial primitives and protocol engineering.
The EEA acts as the institution layer of coordination for Ethereum – the neutral platform where enterprise, infrastructure providers and protocol teams can align themselves on the use of Ethereum in regulated large-scale environments. The Alliance is able to coordinate in a way that can’t be done anywhere else, thanks to its IPR, NDA and antitrust protections.
The teams in the room are building Ethereum’s institutional stack. They aren’t just companies that want to experiment with blockchain. These companies are building infrastructure that institutions can run on. The EEA is where that work gets connected to enterprise requirements–without the commercial conflicts that slow everything else down.” — Redwan Meslem, Executive Director, Enterprise Ethereum Alliance
Building global payment rails
Polygon Labs announced a definitive agreement to purchase Coinme and Sequence, for a total of more than $250,000,000. This acquisition will expand its presence in the regulated stablecoin payment and onchain financial service space. These capabilities, together with Polygon’s, form the Open Money Stack. This integrated suite of technologies and services is designed to instantly and reliably move money between onchain rails and traditional financial systems.
In a single month, Polygon handled more than $7 Billion in stablecoin transactions. This level of payment volume is indicative of the real-world infrastructure used today. We can partner with businesses on global settlements, merchant access and compliant rails by joining the EEA.” — Marc Boiron CEO of Polygon Labs
Polygon Chain has processed over $7 billion of peer-to-peer stablecoin volumes in November 2025 and is supporting major institutional deployments including BlackRock’s BUIDL Fund. Polygon, as a member in the EEA will be contributing to discussions about payments infrastructure and institution adoption.
Nethermind – Securing Ethereum Execution Layer
Nethermind, a team of protocol engineers and researchers, builds and maintains the execution layer infrastructure as well as security tools used for running Ethereum in production. We focus on institutional requirements to determine if systems can be safely deployed at scale. This includes performance under load and upgrade readiness.
Nethermind, within the EEA strengthens working groups that have expertise in protocol engineering, security analysis and implementation. This helps members to move from enterprise needs into reliable, tested deployments.
Enterprises need partners that understand the protocol level risk, upgrade realities, and performance constraints. Nethermind provides execution engineering depth and security to the EEA. This helps members deliver reliable Ethereum deployments. — Nitin Gaur, Head of Institutional Financial Products at Nethermind
Ethena – Scaling up DeFi Native Financial Infrastructure
Ethena’s USDe has become the fastest digital asset to ever reach $10 billion total value. This milestone was reached in just 500 days. Synthetic dollar-backed stablecoins are an alternative for traditional fiat-backed ones. Applications include treasury and rewards strategies. Ethena’s membership with the EEA helps it engage institutional stakeholders in navigating financial infrastructure onchain.
USDe has reached 10 billion dollars faster than any other stablecoin because of institutions’ desire for rewards and transparency. “The EEA allows us to sit at the same table as enterprises that are exploring how DeFi native instruments can fit into regulated workflows.” – Miguel de Sousa Marketing Lead, Ethena
The Enterprise Ethereum Alliance
The EEA, a member-led organization in the industry, is Ethereum’s institutional coordination layer. The Alliance is a member-led industry organization that provides institutional coordination for Ethereum. It brings together enterprise, technology providers and institutions in order to facilitate peer collaboration and surface requirements.
Polygon
Polygon Labs, a global payments blockchain company, builds and operates infrastructure for moving money at an internet-scale, instantly and reliably. Its mission is to transfer all money onto the chain. Polygon Labs is developing the Polygon Open Money Stack – an integrated and open stack of technologies and services to move money instantly, reliably, anywhere. The infrastructure of Polygon has enabled trillions in value transfers on the blockchain and millions of daily transactions for many of the world’s biggest banks, fintechs and enterprises.
Ethena
Ethena, built on Ethereum, is a protocol that creates a dollar-like currency, USDe. It also provides an asset for dollar saving, the sUSDe.
Ethena’s synthetic dollar (USDe) is a crypto-native and scalable money solution. It can be achieved through delta-hedging Bitcoins, Ethereums and other spot assets that are approved by governance, using deliverable and perpetual futures contracts.
USDe has full backing (subject only to what is discussed in the section on Risks regarding possible events that could result in loss of funding) and can compose anywhere in CeFi & DeFi.
Nethermind
Nethermind secures and builds the core Ethereum infrastructure.
The team develops the Nethermind Execution Client, works on network upgrades and delivers protocol-level deliverables across zero-knowledge system, cross-chain architecture, rollups and other systems. The security team performs audits of smart contracts, ZK Circuits and Off-Chain components. They also have formal verification capability for critical systems.
The team has a deep understanding of the entire stack, from client optimization and open-source tools to Ethereum evolution. We’re creating hardware to anchor digital identity with verifiable, biometric data and cryptographic privacy protections as blockchain meets AI.
You can Contact Us
Radha Mathur Enterprise Ethereum Alliance radha@entethalliance.org
The post Polygon Ethena and Nethermind join the Enterprise Ethereum Alliance while Institutional Ethereum takes shape may be updated as new information becomes available.
This site is for entertainment only. Click here to read more
