Consensys founder: Global economy will be tokenized with ETH playing a key role

The global economy could transition to a blockchain-based tokenized system, Consensys founder Joseph Lubin said at the Consensys 2026 event. He stated that tokenization has moved beyond the experimental stage to become an inevitable trend, with Ethereum playing a central role. According to Lubin, technical maturity, including Layer 2 solutions, is attracting interest from regulators and traditional financial institutions. He added that transactions within the ecosystem consume ETH, which positively contributes to its value creation. As more economic activity moves on-chain, ETH could also acquire monetary characteristics, Lubin noted, dismissing recent turmoil like DeFi hacks as merely part of the disruption inherent in technological advancement.