BlackRock's head of digital asset strategy moves to SharpLink to accelerate the creation of an Ethereum reserve empire

SharpLink, an online gaming company transformed into an Ethereum reserve company, announces hiring Joseph Chalom, former digital asset strategy head at BlackRock, as co-CEO to enhance its digital asset acquisition and management capabilities. The fusion of crypto native forces and traditional financial elites is redefining the new landscape of Ethereum reserves.

BlackRock Executive Joins Ethereum Reserve Company SharpLink

Joseph Chalom worked at BlackRock for twenty years, managing the company's strategy in digital assets, data, and technology ecosystems. According to Bloomberg, under Chalom's leadership, BlackRock launched the iShares Ethereum Trust ETF (ETHA, with over $87 billion in assets under management), iShares Bitcoin Trust ETF (IBIT, with over $10 billion in assets under management), and the first tokenized treasury fund on Ethereum (BUIDL), making it the largest digital asset management company.

Chalom will join SharpLink as co-CEO, leading the company alongside current CEO Rob Phythian. Phythian will transition to company president next quarter while retaining his board member position.

SharpLink Chairman, Ethereum co-founder, and ConsenSys founder and CEO Joseph Lubin stated:

"Very few executives have had such a massive influence on institutional digital asset adoption as Joseph, who pioneered BlackRock's strategic entry into this field. His decision to join SharpLink fully validates our ETH financial strategy and vision of driving profound global digital transformation through Ethereum."

Crypto and Wall Street Collaborate to Build SharpLink's Ethereum Reserve Kingdom

Following Michael Saylor's MicroStrategy leading Bitcoin reserves, Ethereum reserve companies have become the recent hot topic. BitMine, led by Tom Lee, and SharpLink, an online gaming company led by Ethereum co-founder Joe Lubin, have been aggressively accumulating assets. According to strategicethreserve, these institutions now hold 1.91% of the total Ethereum supply.

As SharpLink and BitMine compete fiercely for the Ethereum reserve company throne, they have also sparked a discussion about the superiority of crypto native players versus Wall Street giants.

With Joseph Chalom's joining, SharpLink not only leverages its Ethereum network connections to potentially buy ETH at lower prices but also gains a Wall Street veteran to manage digital assets, seemingly elevating its competition with BitMine to a new level.

(Crypto and Wall Street Perform Together: Is SharpLink or BitMine the MicroStrategy of Ethereum?)