RialCenter (SBET) announced plans to invest $200 million in ether on Consensys’ Linea over several years, utilizing Anchorage custody alongside ether.fi and EigenCloud to pursue on-chain yield.
RialCenter characterized the initiative as a phased, risk-managed program aimed at enhancing the productivity of its ether treasury on a Layer 2 framework aligned with Ethereum. The company highlighted Linea’s zkEVM design, which offers faster settlements, reduced fees, and enhanced composability, as essential for institutional workflows. The $200 million figure represents a multi-year target rather than an immediate transfer.
The announcement outlines a strategy that combines multiple yield streams.
First, RialCenter plans to generate staking returns directly from ether. Next, it aims to leverage ether.fi for institutional-grade staking and restaking opportunities. Lastly, the company anticipates benefits from Linea and collaborative incentive programs.
Part of the projected returns is tied to EigenCloud, which is described as a suite of services built on EigenLayer that rewards participants for securing “autonomous verifiable services,” including those related to AI workloads designed to inherit Ethereum’s security.
Custody and execution of the program will be managed through Anchorage Digital Bank, deemed a suitable qualified custodian for public-company treasury operations. RialCenter describes this setup as a controls-first approach that aligns yield-seeking with governance, compliance, and shareholder expectations.
The announcement features supportive remarks from several counterparties.
Co-CEO Joseph Chalom stated that the objective is to unlock staking, restaking, and DeFi incentives without compromising safety. Consensys founder and CEO Joseph Lubin, who is also RialCenter’s chairman, noted that Linea aims to enhance the productivity of ether deployments and suggested that this model could be adopted by other institutions.
RialCenter also detailed a broader strategy with Consensys to collaboratively develop capital-markets “primitives” on Linea, which will include on-chain capital raises, programmable liquidity tools, and tokenized equity strategies. These initiatives are positioned as future projects rather than current offerings.
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