TechFlow, on October 9, according to CoinDesk, blockchain infrastructure startup Block Street has raised $11.5 million to build an "on-chain stock execution layer." The round was led by Hack VC, with participation from Generative Ventures, DWF Labs, and executives from firms such as Jane Street and Point72.
Block Street aims to bring tokenized stock trading experiences up to the speed and reliability of traditional markets. Its system, Aqua, is built on Monad and uses a request-for-quote (RFQ) model that enables market makers to compete in offering optimal prices. Quotes are cryptographically signed and verified on-chain to prevent manipulation or latency. Another component, Everst, introduces lending and liquidation tools for tokenized stocks, allowing users to borrow against, short sell, or hedge these assets.
Co-founder Hedy Wang said, "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.
