Gate News Report, March 9 — During a testimony before the U.S. Congress, Vivek Raman, CEO of the Ethereum ecosystem and institutional analysis firm Etherealize, stated that the company’s goal is to upgrade the U.S. capital markets to 21st-century standards. The team combines Wall Street veterans with top Ethereum ecosystem technical experts to drive financial innovation in the U.S. He pointed out that the current system is inefficient, with remittances taking days and final settlement of transactions possibly taking weeks. Trillions of dollars are still circulating through paper documents, faxes, and manual spreadsheets.
Vivek Raman said that public blockchains enable programmable US dollar instant settlement, real-time global ledger oversight, and expanded global access. Institutions like BlackRock, Franklin Templeton, Deutsche Bank, and UBS are building on Ethereum because it is the most secure and decentralized settlement layer globally. Currently, there are $140 billion in stablecoins, $10 billion in tokenized assets, and institutional-grade applications running on Ethereum. He believes that if the U.S. clear asset legislation (CLARITY Act) passes, it could increase the pace of innovation by 100 times.
Vivek Raman explained that decentralization means the network does not belong to anyone but is accessible to everyone. For Ethereum, over one million validators worldwide independently verify transactions, ensuring trust without a single point of failure. In institutional terms, decentralization means system resilience, maximum security, and minimized counterparty risk.
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