Former BlackRock executive Joseph Chalom said that Ethereum is the infrastructure of Wall Street

Joseph Chalom, co-CEO of Sharplink and former head of digital asset strategy at BlackRock, stated that Ethereum is not just another blockchain, but the cornerstone upon which Wall Street will ultimately build its financial infrastructure. Ethereum possesses the trust, security, and liquidity that financial institutions value, which has led him to bet his career on it.

He mentioned that there is a significant amount of stablecoins, asset tokenization, and smart contract activity on Ethereum, making it a trusted chain for achieving financial digitization. Sharplink is one of the few digital asset financial companies accumulating Ether, but Chalom believes that most companies struggle to achieve scalable growth. Without strong trading volumes, clean balance sheets, and internal teams managing staking and investments, many companies will underperform.

Chalom does not see Sharplink as a departure from his career at BlackRock, but rather a continuation of his mission: to connect traditional finance with the cryptocurrency ecosystem, as Ethereum can rebuild the system faster, at a lower cost, and more securely. He views Ethereum as the foundation for the next wave of financial digitization, which will collectively be referred to as "finance," with Ethereum as the underlying infrastructure.