Ethereum Is ‘The Infrastructure’ for Wall Street, Says Former BlackRock Executive

Why It Matters

If institutions adopt Ethereum as a core finance layer, it could accelerate the mainstream integration of tokenized assets, stablecoins and decentralized finance mechanisms, reshaping capital markets and driving new revenue streams. The shift also validates blockchain technology as a viable, yield‑generating infrastructure for traditional finance firms.

Summary

Former BlackRock digital‑assets head Joseph Chalom, now co‑CEO of Sharplink, argues that Ethereum’s trust, security and liquidity make it the preferred infrastructure for Wall Street’s move to digitized finance. Sharplink holds over $3 billion in ether, staking nearly all of it and experimenting with restaking partnerships to generate additional yield while maintaining regulated custody. Chalom highlights Ethereum’s 3% annual staking yield as a productive asset that can return value to shareholders, contrasting it with idle Bitcoin holdings. He envisions Ethereum evolving from a crypto niche into the foundational layer for all financial services, replacing the distinction between DeFi and TradFi.