Block Street Raises $11.5M to Build ‘Execution Layer for On-Chain Stocks’

A new crypto infrastructure startup called Block Street has raised $11.5 million to build what it calls an “execution layer for on-chain stocks.” The funding round was led by Hack VC, with backing from Generative Venture, DWF Labs and others including executives from firms like Jane Street and ￰0￱ Street’s pitch is that trading tokenized stocks should feel as fast and reliable as traditional ￰1￱ system, called Aqua, is built on Monad, and uses a request-for-quote (RFQ) model where market makers compete to offer the best ￰2￱ quotes are cryptographically signed and verified onchain to prevent manipulation or ￰3￱ part of the stack, Everst, introduces lending and liquidation tools designed specifically for tokenized equities, allowing users to borrow, short, or hedge these ￰4￱ company says this setup reduces “MEV leakage” and makes tokenized assets more functional, not just speculative.

“Our mandate is infra, not just an app,” said Hedy Wang, co-founder of 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.” Block Street plans to go live on Monad later this year, expanding to Ethereum, BNB Chain and Base as integrations ￰5￱ team, which includes veterans from Citadel, Point72 and Google, plans to publish transparency dashboards showing how much better their execution is compared to automated ￰6￱ more: Crypto Infrastructure Firm Zerohash Raises $104M in Round led by Interactive Brokers, Morgan Stanley