Main highlights
- Joseph Chalom said Ethereum is Wall Street infrastructure
- His statement highlights the ongoing trend of tokenization of assets on the network, along with significant dominance in the stablecoin market.
- However, Ethereum is currently trading around $3,430, down 4% on the daily chart.
Joseph Chalom, a former BlackRock executive and co-CEO of Sharplink, referred to the Ethereum blockchain as Wall Street’s “infrastructure” in a recent interview.
JUST IN: Former BlackRock executive says Ethereum is Wall Street’s “infrastructure.”
— Watcher.Guru (@WatcherGuru) November 11, 2025
Joseph Chalom sheds light on Ethereum’s rise on Wall Street
Joseph Chalom’s statement highlights the potential for Ethereum to enter the traditional financial world. Since its creation in 2015, blockchain has transformed from blockchain to a foundational layer that houses tokenized assets, stablecoins, and institutional-grade financial applications.
One of the biggest examples to support Joseph Chalom’s statement is stablecoin transactions on the blockchain. Currently, they control over 80% of the stablecoin market thanks to digital dollars such as USDC and USDT. Billions of dollars flow through these digital currencies in daily transactions, and they can often settle payments faster and cheaper than traditional systems such as SWIFT.
Another big thing that made Ethereum popular is the concept of tokenization. This will enable major financial institutions to convert real-world assets such as US government bonds and private credit into digital tokens. This tokenization process applies proper compliance directly to the asset itself and reduces settlement times from days to seconds.
Many large financial institutions, such as BlackRock and Fidelity, are already using Ethereum for their tokenized money market funds. For example, BlackRock’s BUIDL fund currently manages more than $2.5 billion in market capitalization, including U.S. Treasuries on the blockchain.
“So the idea of tokenization was born, and we partnered with Securitize, a great company, through an investment from BlackRock, to tokenize it on public Ethereum in such a way that that token can be exchanged for a stablecoin as a stable value. So when you need to be a stablecoin, you don’t have to earn yield, you can trade on-chain, which is great. If you want to earn yield, it’s 3 a.m. on a Saturday,” said Joseph Chalom. As mentioned earlier.
After ETF approval, adoption by institutional investors increases
In 2025, Ethereum experienced impressive growth with acceptance by traditional finance. Spot Ethereum ETF launch attracted total According to Coinglass, total assets under management are $20.84 billion. This includes major ETH ETF issuers such as BlackRock, Grayscale, Bitwise, Fidelity, and VanEck.
Beyond the ETF space, many publicly traded companies are also participating by adding ETH to their balance sheets. Companies like Sharplink Gaming, also advised by Joseph Chalom, have allocated billions of dollars to Ethereum and are generating steady returns through a process known as staking. Currently, the company has: 859,853 ETH, with a cumulative value of approximately $2.95 billion.
“We continue to strategically leverage our ATM facilities and build out our ETH vault as we pursue our long-term growth goals,” SharpLink Chairman, Ethereum Co-Founder, and ConsenSys Founder and CEO Joseph Rubin said in a press release. “The continued strength of ETH and our ability to acquire large amounts of ETH at opportunistic prices supports our goal to continue to increase ETH concentration and shareholder value through the disciplined execution of our financial growth strategy.”
This trend extends to the tokenization of private equity and credit funds, with companies such as Apollo Global Management and UBS now using Ethereum to issue and manage fund shares.
Leading financial analysts such as Citi and McKinsey predict that tokenization of everything from real estate to art could grow into a multi-trillion dollar market within a decade. Its programmable nature is key to unlocking fractional ownership of previously illiquid assets.
The main reason for Ethereum’s growth is its smart contract functionality. This feature has made it possible for many developers to develop distributed applications.
At the time of writing, ETH is trading at approximately 3,428.33, down 4.12% on the daily chart, market cap is According to $414.01 billion coin market cap.