From BlackRock to Ethereum: Betting It All on ETH | Joseph Chalom
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We are building an institutional grade treasury, not just with incredible talent, but through our partnership with Consensus. You know, we have Joe Luvin, the cofounder of Ethereum on our board, and that gives us lots of opportunities to do interesting things. We're not content to buy and hold a percentage of the Ether ecosystem and stop and become a vehicle and a dividend company. Our goal is to have a really positive influence on institutional adoption and to build businesses that are correlated to the ecosystem.
Welcome to Bankless, where we explore the frontier of Internet money and Internet finance. This is Ryan Sean Adams. Just me today. David's out, so I'm here to help you become more bankless. Joseph Shalom on the episode today. Now this is the guy who led BlackRock's digital asset group. This is the group that rolled out the Bitcoin and Ethereum ETFs at BlackRock. They launched Biddle, the on chain treasury fund. He retired for a few short months, and now he's back as co CEO of an Ethereum treasury fund. This is the story of going from BlackRock to Ethereum, and I think this is very much the the
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Bankless Station, very excited to introduce you to Joseph Shalom. He helped bring BlackRock to crypto. He and his team were responsible for BlackRock's Bitcoin and ETH ETFs plus the Bittle tokenized shares, and now he is on a new mission. He's one month ago, so he's one month in, he became the co CEO of Sharplink. That's SBET. That is a $3,000,000,000 ETH treasury built to stake, restake, and scale ETH asset, and we wanna find out why he made this leap. What does he see that maybe most of the world doesn't at this point in time? We're about to find out. Joseph, welcome to Bankless. Good mornin
No. Larry didn't need my help or a yellow pill from anyone. He happens to be an incredibly intellectually curious person, not just about the markets, but about technology. And it says a lot that he has the mental acuity and flexibility to learn and come around and believe deeply in this technology. So the answer is he was on his own with a lot of help from others.
Well I'm wondering if you could kind of parse this because what we've been on a Larry watch over the years at Bankless as as well as some other folks in in TradFi and have seen kind of the shift in Larry's thought process with respect to crypto. And I think because Larry Fink is such a bellwether for what Wall Street thinks, what institutional finance thinks, it's it's somewhat relevant. Now others haven't followed him on this trajectory. Right? We've got Jamie Dimon, maybe, who was a bit more skeptical. But back in 2017, Larry was saying things like this, Bitcoin is an index of money launderi
Yeah. People have a misimpression that BlackRock's crypto ambitions began on 01/11/2024 when they launched the ibit Bitcoin ETF. In reality, some of the earliest exploration was happening in two thousand sixteen. We hired our first dedicated, brilliant, young digital asset professional, Robbie Michnik, who was on
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