Bitmine Immersion Technologies, Sharplink and Ethereum cofounder Joe Lubin have backed the launch of Ethlabs, an independent nonprofit research organization focused on preparing Ethereum for broader institutional adoption.

The funding effort also includes support from Anchorage, Octant, SNZ and other Ethereum ecosystem contributors. The announcement did not disclose how much funding the organization has secured.

Ethlabs was cofounded by former senior Ethereum Foundation researchers Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz Schilling, Josh Rudolf and Julian Ma.

The group includes researchers who have worked on Ethereum’s finality, scaling, data availability, virtual machine and protocol economics. Ethlabs said the organization will provide their work with a dedicated institutional home and stable long term funding.

Its initial research will focus on faster settlement, greater mainnet capacity, native asset issuance, cross chain interoperability and research supporting ETH’s monetary properties.

The organization said these improvements are needed as stablecoins, tokenized assets, investment funds and autonomous AI commerce increasingly move onto public blockchains.

Ethlabs is launching as the Ethereum Foundation narrows its focus and promotes a model where several independent organizations contribute to the network’s development and stewardship.

Ethereum cofounder Joe Lubin said Ethlabs would become another major stewardship organization working alongside the Ethereum Foundation and other independent groups.

Bitmine Chairman Tom Lee said Ethereum could see significant adoption from institutions and AI agents, creating a need for greater investment in protocol research and technical talent.

Sharplink CEO Joseph Chalom described the launch as part of an emerging institutional cycle on Ethereum and said supporting core protocol researchers was a direct way for the company to strengthen the network.

Ethlabs will maintain control over its research agenda despite receiving funding from public companies and other ecosystem participants.

Contributions will pass through an independent grants administrator responsible for screening, valuation and disbursement. Funders will receive quarterly reports and an independent annual audit but will not control research priorities or technical decisions.

Ansgar Dietrichs will serve as executive director. He said Ethlabs was created to advance Ethereum’s core technology and the shared infrastructure needed by institutions, developers and autonomous agents.