14 hours ago
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Key Notes
- Joseph Chalom, architect of BlackRock's $10B iShares Ethereum Trust, transitions to lead SharpLink's Ethereum strategy.
- SharpLink has accumulated 360,807 ETH valued at $1.3 billion while generating 567 ETH through strategic staking operations.
- The appointment reinforces institutional confidence in Ethereum's infrastructure for treasury management and decentralized finance.
Joseph Chalom, the longtime digital assets lead at BlackRock, has been appointed Co-CEO of SharpLink Gaming, one of the world’s largest corporate holders of ETH, marking another major milestone in institutional adoption of Ethereum.
Chalom’s appointment comes as SharpLink doubles down on its Ethereum treasury strategy. According to a recent CoinDesk report, the company has now acquired roughly 360,807 ETH, valued at approximately $1.3 billion, and generated 567 ETH in staking rewards.
“I am joining SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance, […] SharpLink’s commitment to aligning its strategic direction with the Ethereum ecosystem reflects a bold and forward-thinking vision,” said Chalom.
Chalom played a central role in launching the iShares Ethereum Trust (ETHA), a BlackRock fund that now holds over $10 billion in assets, the third-fastest ETF in history to reach that milestone.
SharpLink Eyes Institutional Adoption Growth
SharpLink’s ETH investment strategy centers on Ethereum’s capabilities for secure staking, scalable treasury operations, and asset tokenization—key areas attracting institutional players’ interest.
Applauding the ex-BlackRock chief’s appointment, SharpLink Chairman Joseph Lubin, who also founded Ethereum development studio ConsenSys, said “Few executives in the world have had the kind of impact Joseph has had in unlocking institutional adoption of digital assets.”
According to the statement, current CEO Rob Phythian will take on a new role as President, continuing on the board while Chalom leads the next phase of Ethereum-focused investment growth strategy.
Solaxy: Powering the Next Wave of Ethereum Treasury Tools
As institutions like SharpLink build deeper into Ethereum ETH $3 653 24h volatility: 2.4% Market cap: $440.67 B Vol. 24h: $50.31 B , Solaxy is developing the infrastructure tools they’ll need. The $SLXY presale is now live, giving early investors smarter access to high-growth memecoins and DeFi projects.
Solaxy Presale
Solaxy’s multi-chain liquidity integrations could support projects like SharpLink as the Ethereum ecosystem scales. Visit Solaxy’s official site to join the $SLXY token presale.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
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