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

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

Block Street aims to bring the speed and reliability of traditional markets to tokenized stock trading. Its system, Aqua, is built on Monad and adopts a Request for Quote (RFQ) model, allowing market makers to compete to offer the best prices. Quotes are cryptographically signed and verified on-chain to prevent manipulation or delays. Another component, Everst, introduces lending and clearing tools for tokenized stocks, enabling 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.