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Billionaire Peter Thiel Bet Ethereum May Be Wall Street's RWA Blockchain of Choice
2days ago

Odaily Planet Daily News: Billionaire investor Peter Thiel is betting that Ethereum will become the preferred platform for Wall Street's RWAs. His investment firm, Founders Fund, has invested heavily in Ethereum-related assets and in several companies that use Ethereum as a reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic for Ethereum is that if Ethereum can become an alternative channel for clearing and settling US dollars, stocks, and other assets outside the traditional financial system, then its native token will benefit significantly from increased network activity. However, Nansen research analyst Nicolai Søndergaard pointed out that the so-called "Wall Street rebuilding its financial infrastructure on Ethereum" is more like a marketing slogan to attract people to buy Ether concept stocks. (WSJ)