Ethereum Positioned as Key Infrastructure for Digital Finance, Says Former BlackRock Executive

According to BlockBeats, Joseph Chalom, co-CEO of Sharplink and former head of digital assets at BlackRock, expressed his strong belief that Ethereum will serve as the foundational infrastructure for digital finance on Wall Street. He emphasized that the Ethereum network embodies the three critical qualities financial institutions prioritize: trust, security, and liquidity. Consequently, Chalom has dedicated his post-BlackRock career entirely to Ethereum. Chalom described Ethereum as a 'multi-purpose' platform capable of supporting financial transactions, lending, trading, NFTs, and complex applications, contrasting it with Bitcoin, which he referred to as an 'excellent store of value.' He views Sharplink as a continuation of his mission at BlackRock, aiming to bridge traditional finance with the crypto ecosystem. Chalom stated, 'We spent decades building financial pipelines filled with intermediaries, and Ethereum offers us the opportunity to rebuild these pipelines—faster, cheaper, and more securely.' He does not see Ethereum as a speculative technology but rather as the cornerstone of a new wave of digital finance. 'Eventually, we will no longer differentiate between DeFi and TradFi; it will simply be known as finance, with Ethereum as the underlying infrastructure supporting it all.'