In a transformative leap for crypto finance, The Ether Machine, a next-gen Ethereum yield platform, has officially gone public through a landmark merger with SPAC Dynamix Corp. The deal, advised by elite law firms Skadden Arps Slate Meagher & Flom LLP and Gibson Dunn & Crutcher LLP, is set to channel more than $1.6 billion into the newly formed entity — a record-shattering financing round not seen since 2021.
Upon closing in Q4 2025, the company will begin trading on Nasdaq under the ticker ETHM, ushering in a new era of public access to Ethereum-based returns.
Bringing Ethereum to Wall Street’s Front Door
Dubbed “the digital oil” by its co-founder and chairman Andrew Keys, Ether — Ethereum’s native token — now has its own industrial-grade gateway. With this move, The Ether Machine becomes the largest public vehicle for institutional-grade Ethereum exposure, aimed at generating long-term, risk-adjusted returns via staking and decentralized finance (DeFi) strategies.
“We’ve built a team of ‘Ethereum Avengers’ to actively unlock what we believe will be market-leading yields,” said Keys, who previously helped launch the first Ethereum blockchain-as-a-service with Microsoft.
The company is led by Keys and CEO David Merin, formerly the head of corporate development at blockchain pioneer ConsenSys.
