Key Highlights
- Joseph Chalom stated that Ethereum is the infrastructure for Wall Street
- His statement highlights the ongoing trend of tokenization of assets on the network, along with a great dominance in the stablecoin market
- However, Ethereum is currently trading at around $3,430 with 4% drop on the daily chart
In the recent interview, Joseph Chalom, a former BlackRock executive and co-CEO of SharpLink, called the Ethereum blockchain the “infrastructure” for Wall Street.
Joseph Chalom Sheds Light on Ethereum’s Rise in Wall Street
Joseph Chalom’s statement highlights Ethereum’s potential to enter the traditional financial world. Since its inception in 2015, the blockchain has transformed from a blockchain to the foundational layer that harbours tokenized assets, stablecoins, and institutional-grade financial applications.
One of the biggest examples that backs Joseph Chalom’s statement is the stablecoin transactions on the blockchain. At present, it dominates the stablecoin market by more than 80%, thanks to digital dollars like USDC and USDT. These digital currencies flow billions of dollars in daily transactions, often settling payments faster and more cheaply than traditional systems like SWIFT.
Another big thing that brings popularity to Ethereum is the concept of tokenization. It allows major financial institutions to convert real-world assets such as U.S. Treasury bonds and private credit into digital tokens. This process of tokenization reduces settlement times from days to a few seconds with adequate compliance directly into the assets themselves.
Many big financial institutions like BlackRock and Fidelity are already using Ethereum for tokenized money market funds. BlackRock’s BUIDL fund, for instance, now manages over $2.5 billion in market capitalization, including U.S. Treasuries on the blockchain.
“So the idea of tokenizing, and we partnered with an amazing firm, Securitize, through an investment from BlackRock, tokenizing on public Ethereum in a manner that that token was interchangeable as a stable value with a stablecoin. So that when you need to be in stablecoin, earn no yield, transact on chain, great. At three in the morning on a Saturday, if you wanted to get yield bearing,” Joseph Chalom stated earlier.
Institutional Adoption Grows after ETF Approval
In 2025, Ethereum has witnessed an impressive growth along with the acceptance by traditional finance. The launch of the spot Ethereum ETFs attracted a total $20.84 billion in AUM, according to Coinglass. This includes major ETH ETF issuers like BlackRock, Grayscale, Bitwise, Fidelity, VanEck, and others.
Not just in the ETF space, many public companies are also getting involved by adding ETH to their balance sheet. Firms like SharpLink Gaming, which is also advised by Joseph Chalom, have allocated billions to Ethereum, earning steady yields through a process known as staking. At present, the company holds 859,853 ETH, whose cumulative value is around $2.95 billion.
“We continue to strategically leverage our ATM facility to build our ETH treasury in pursuit of our long-term growth objectives,” Joseph Lubin, SharpLink Chairman, Co-Founder of Ethereum and Founder and CEO of Consensys, stated in a press release. “The continued strength of ETH and our ability to acquire significant volume at opportunistic prices support our aim to continue enhancing ETH concentration and shareholder value through disciplined execution of our treasury growth strategies.”
The trend also extends to tokenizing private equity and credit funds, with firms like Apollo Global Management and UBS now using Ethereum to issue and manage fund shares.
Major financial analysts from firms like Citi and McKinsey project that the tokenization of everything from real estate to fine art could grow into a trillion-dollar market within a decade. Its programmable nature is key to unlocking fractional ownership of these previously illiquid assets.
The main reason behind Ethereum’s growth lies in its smart contract capability. This function has allowed many developers to develop decentralized applications on it.
At the time of writing, ETH is trading at around $3,428.33 with a 4.12% drop on a daily chart and a market capitalization of $414.01 billion, according to CoinMarketCap.
Source: https://www.cryptonewsz.com/ethereum-is-infra-wall-street-joseph-chalom/
