Block Street raised $11.5 million in a funding round led by Hack VC to enhance tokenized stock trading infrastructure, initially launching on Monad before expanding to Ethereum, BNB Chain, and Base.
The funding underscores growing institutional interest in tokenized equities, highlighting the potential impact on decentralized finance markets, though immediate market reactions remain muted as the platform is not live.
Block Street, a trading startup, secured $11.5 million to advance tokenized stock infrastructure. The funding round was led by Hack VC with contributions from other notable investors.
The startup focuses on building a robust on-chain equity infrastructure. They plan to launch first on Monad and later expand to Ethereum and BNB Chain.
Institutional Interest in On-Chain Trading Grows
The financial sector anticipates the project to attract institutional interest. This initiative is seen as a step forward in digital asset adoption.
Potential outcomes include more efficient trading via on-chain execution layers. The project's success might influence regulatory approaches and technological innovations within tokenized stocks.
Tokenized Assets Gain Traction Globally
Tokenized assets continue to gain traction. Similar projects, like Ondo Finance, have also aimed to bring off-chain assets online.
Experts suggest that the project's focus on institutional-grade infrastructure could address existing market inefficiencies, promoting broader acceptance and integration of tokenized securities.
Hedy Wang, Co-founder, Block Street — “Monad's parallel EVM gives us the settlement guarantees and latency budget institutions expect, while Aqua and Everst push best-execution and equity-native risk controls directly on-chain.”