Former BlackRock executive Joseph Chalom called Ethereum "infrastructure" for Wall Street.

According to Odaily Planet Daily, Joseph Chalom, co-CEO of Sharplink and former head of digital asset strategy at BlackRock, stated that Ethereum is not just another blockchain, but rather the cornerstone upon which Wall Street will ultimately build its (financial) infrastructure. He believes Ethereum possesses the trust, security, and liquidity that financial institutions value, which is why he has staked his career on it. He stated that Ethereum has a large amount of stablecoin, asset tokenization, and smart contract activity, making it a trusted chain for realizing the digitalization of finance.

Sharplink is one of several digital asset finance companies accumulating Ethereum, but Chalom believes most struggle to scale. Without strong trading volume, a clean balance sheet, and an internal team managing staking and investments, many companies will underperform. Chalom doesn't see Sharplink as a departure from his BlackRock career, but rather a continuation of his mission: connecting traditional finance with the cryptocurrency ecosystem, thanks to Ethereum's ability to rebuild the system faster, at lower cost, and more securely. He sees Ethereum as the foundation for the next wave of financial digitalization, which will be collectively referred to as "finance" in the future, with Ethereum as its underlying infrastructure. (CoinDesk)