Republic Technologies, the Ethereum treasury of Beyond Medical Technologies Inc. (CSE: DOCT | FSE: 7FM), is the first publicly listed entity to hold a liquid staking token on its balance sheet. By converting a significant portion of its ETH into mETH, Republic Technologies marks a new chapter in Ethereum’s institutional adoption.
This milestone demonstrates that on-chain infrastructure is now ready to support regulated capital. Staking has moved beyond crypto-native users and is becoming a core part of treasury strategies, fully integrated into corporate systems and held to traditional operational standards.
Republic Technologies Unlocks Institutional Capital Potential on Ethereum
Institutional capital is finding its place on Ethereum as ETH transitions from a growth asset to programmable collateral offering native yield, settlement, and seamless financial integration. Institutional investors demand more than returns — they require structured access, transparency, and compliance. Republic Technologies' move to mETH reflects this evolution by providing ETH yield exposure that meets audit standards while removing validator management complexities and simplifying on-chain capital deployment.
As the treasury division of Beyond Medical, a publicly listed healthcare technology firm, Republic Technologies' Ethereum strategy is foundational, not speculative. In Q1 2025, it launched a medical attestation platform built on Ethereum, with ETH holdings underpinning that infrastructure. Led by executives with backgrounds at Apollo, Goldman Sachs, BlackRock, and Canaccord Genuity, Republic Technologies’ decision to adopt mETH demonstrates long-term alignment with Ethereum as a base-layer infrastructure.
As CEO Daniel Liu states, “Ethereum is the institutional chain. With mETH, we can generate native yield while meeting the standards expected of public market participants.”
Why mETH
mETH Protocol was built to serve large allocators. It provides liquid access to staking rewards while abstracting away validator operations, custody complexity, and exit constraints. For institutions that require clean reporting and capital efficiency, mETH offers a compliant gateway to ETH-native yield.
Since launching in late 2023, mETH Protocol has become the fourth-largest ETH liquid staking and restaking platform, achieving:
- A peak Total Value Locked at $2.19 billion
- Support across over 40 leading platforms on three networks
- Over 170,000 mETH restaked into EigenDA, securing Mantle’s modular data availability layer
- A 30,000 cmETH cap filled in less than two months for its fixed-yield cmETH vault designed for institutions
- Validator infrastructure supported by Stakefish, P2P.org, Blockdaemon, A41, and Veda
mETH offers institutions staking and restaking exposure without operational complexity or loss of composability. It integrates smoothly within broader on-chain treasury strategies. This also includes integration with Bybit Earn, with additional ecosystem partnerships underway.
What Comes Next
This integration comes ahead of mETH’s inclusion in MI4, a tokenized index fund announced by Mantle and built in partnership with Securitize. Backed by a $400 million commitment from Mantle Treasury, MI4 will offer diversified exposure to BTC, ETH, SOL, stablecoins, and staking assets — with mETH serving as part of the ETH allocation.
mETH will also play a central role in Mantle Bank, an upcoming suite of products connecting Ethereum-native assets to fiat rails, credit issuance, and payments.
These developments expand mETH’s utility beyond staking and position it as a core asset within institutional financial infrastructure.