Joseph Chalom on Ethereum’s Role in Digital Finance
In a recent interview, Joseph Chalom, Co-CEO of Sharplink and the former Head of Digital Assets at BlackRock, expressed his strong conviction that Ethereum will serve as the core framework for developing digital finance on Wall Street. He emphasized that the Ethereum network encapsulates three essential qualities that financial entities prioritize: trust, security, and liquidity. This belief has prompted him to risk his entire career following his tenure at BlackRock to champion Ethereum’s potential.
Ethereum as a Multi-Use Platform
According to Chalom, Ethereum stands out as a “multi-use” platform with capabilities that extend beyond mere financial transactions. It is also equipped to enable lending, trading, non-fungible tokens (NFTs), and various sophisticated applications. In contrast, he identifies Bitcoin primarily as a “superior store of value.”
Bridging Traditional Finance and Crypto
Chalom views his role at Sharplink as a continuation of his efforts at BlackRock to bridge traditional finance with the emerging crypto landscape. He remarked,
“For decades, we have established intermediated financial channels, and Ethereum presents us with the chance to reconstruct these systems in a more efficient, cost-effective, and secure manner.”
The Future of Financial Transactions
He does not categorize Ethereum as a technology driven by speculation; rather, he perceives it as the bedrock upon which the future of financial transactions will be built.
“Ultimately, the industry will move towards a unified concept of finance, eliminating the distinctions between DeFi and TradFi. Ethereum will be the fundamental infrastructure that underpins this evolution,”
stated Chalom.
