BlackRock's Former Executive Makes Remarkable Ethereum Statement! Here Are the Details

Joseph Chalom, BlackRock's former head of digital assets, believes the future of finance will be built on the Ethereum network.

Former BlackRock Executive: Wall Street's Future Will Be Built on Ethereum

Chalom said, “Ethereum will not only be a blockchain, but the digital infrastructure of Wall Street,” emphasizing that traditional financial institutions rely on this network the most in terms of trust, liquidity, and security.

Chalom, currently co-CEO of digital asset management firm Sharplink, earlier in his career led the growth of BlackRock’s portfolio management platform Aladdin and then played a key role in the company’s expansion into crypto.

Chalom has also been involved in projects such as the Circle investment, the Securitize partnership, and the success of the spot Bitcoin ETF called IBIT.

According to Chalom, Ethereum has become central to financial digitization, hosting the majority of stablecoins, tokenized assets, and smart contract activity. Furthermore, Ethereum's staking mechanism provides annual returns of approximately 3%, making it a “productive asset.”

Sharplink has over $3 billion in Ether in its portfolio, and the company aims to generate additional returns by staking most of these assets. Chalom stated that Ethereum will transform the future of finance, saying, “Over time, we won't call it DeFi or TradFi; we'll just call it finance, and its infrastructure will be Ethereum.”