On-chain stock execution layer Block Street completes $11.5 million financing, led by Hack VC

ChainCatcher news, the crypto infrastructure startup Block Street has completed a $11.5 million funding round to build an "on-chain stock execution layer." This round was led by Hack VC, with participation from Generative Venture, DWF Labs, and executives from companies like Jane Street and Point72.

Block Street aims to bring the speed and reliability of traditional markets to the tokenized stock trading experience. Its system Aqua is built on Monad and uses a Request for Quote (RFQ) model, allowing market makers to compete for the best prices, with quotes cryptographically signed and verified on-chain to prevent manipulation or delays. Another component, Everst, introduces lending and clearing tools for tokenized stocks, allowing users to borrow, short, or hedge these assets. Co-founder Hedy Wang stated, "Our mission is infrastructure, not just applications." Block Street plans to launch on Monad later this year, followed by expansion to Ethereum, BNB Chain, and Base.