According to @AltcoinDaily, a former BlackRock executive said Ethereum is the infrastructure for Wall Street, highlighting Ethereum’s growing role in institutional finance. Source: @AltcoinDaily on X, 2025-11-11. This claim aligns with concrete adoption: BlackRock launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum in March 2024, using Ethereum rails for tokenized cash management. Source: BlackRock press release, 2024-03-20. U.S. spot Ethereum ETFs were approved in 2024 and launched without staking features, confirming regulated access to ETH exposure while keeping on-chain staking separate from ETF flows. Source: U.S. SEC 19b-4 approval orders, 2024-05-23; issuer S-1 filings, 2024-07. Global banks and regulators have piloted tokenized assets on public chains under MAS Project Guardian, including JPMorgan’s DeFi repo trial on public blockchain rails tied to Ethereum’s ecosystem, signaling settlement use cases institutions are testing. Source: Monetary Authority of Singapore Project Guardian updates, 2022-11 and 2023-10.