Ethereum (ETH) Is ‘The Infrastructure’ for Wall Street, Says Ex-BlackRock Exec
A former BlackRock executive believes Ethereum is the essential, trustworthy infrastructure for Wall Street's digitization of finance.Summary
Joseph Chalom, co-CEO of Sharplink and former head of digital assets at BlackRock, asserts that Ethereum is the only blockchain institutions can trust to digitize finance, citing its presence of trust, security, and liquidity.
Chalom, who spent two decades at BlackRock scaling the Aladdin platform before leading its crypto entry, views Ethereum as a "multi-purpose" platform capable of handling complex financial applications, contrasting it with Bitcoin, which he sees primarily as a store of value. He emphasizes that Ether's native 3% yield from staking makes it a "productive asset" for institutional balance sheets.
At Sharplink, which holds over $3 billion in staked ether, Chalom is exploring restaking strategies to enhance yield while maintaining regulated custody. He believes this approach allows institutions to achieve DeFi-level returns with reduced risk by locking duration. Ultimately, Chalom sees Ethereum as the foundational infrastructure that will eventually underpin all finance, blurring the lines between DeFi and TradFi.
(Source：CoinDesk)