On-chain stock execution layer Block Street completes $11.5 million financing, led by Hack VC
ChainCatcher news, crypto infrastructure startup Block Street has completed a $11.5 million financing round to build an "on-chain stock execution layer." The round was led by Hack VC, with participation from Generative Venture, DWF Labs, and executives from companies such as Jane Street and Point72.
Block Street aims to bring the speed and reliability of traditional markets to tokenized stock trading. Its system, Aqua, is built on Monad and adopts a Request for Quote (RFQ) model, allowing market makers to compete to offer the best prices. Quotes are cryptographically signed and verified on-chain to prevent manipulation or delays. Another component, Everst, introduces lending and clearing tools for tokenized stocks, enabling users to borrow, short, or hedge these assets.
Co-founder Hedy Wang stated: "Our mission is infrastructure, not just applications." Block Street plans to launch on Monad later this year, followed by expansion to Ethereum, BNB Chain, and Base.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rare in 25 years! The 10-year U.S. Treasury yield surpasses the S&P 500 earnings yield
The 10-year US Treasury yield has surpassed 5%, making bonds more attractive relative to stocks than at any point in the past 25 years. The earnings yield of stocks, as measured by the inverse of the S&P 500’s price-to-earnings ratio, is now lower than the 10-year US Treasury yield, resulting in a clear yield suppression effect on the stock market from bonds. According to the Shiller model, the S&P 500 may outperform bonds by only about 1% annually over the next decade. The 20-year paradigm of stocks outperforming bonds has officially come to an end.
Iron ore retreats, copper takes the lead: Australian mining stocks find a new growth story
Analysts state that the rapid growth in copper demand driven by power infrastructure and artificial intelligence (AI) provides a new rationale for investors to allocate to the mining sector. Australian mining stocks are expected to continue their upward trend.
The IRS May Be Coming for Crypto ETFs Next: Which Funds Are at Risk?
Crypto prices
More
