BlackRock's Digital Asset Lead Joins SharpLink Gaming
BlackRock’s Digital Asset Chief Departs to Lead Ethereum Treasury Firm SharpLink Gaming
Joseph Chalom, who spearheaded BlackRock’s global digital asset initiatives for nearly 20 years, has been appointed as co-chief executive officer at SharpLink Gaming. SharpLink Gaming is recognized as one of the largest corporate holders of Ether (ETH). The company made the announcement on Friday.
Key Takeaways
- Former BlackRock digital asset chief, Joseph Chalom, joins SharpLink Gaming as Co-CEO, enhancing its Ethereum strategy.
- SharpLink holds a significant amount of Ether and is strategically aligned with the Ethereum ecosystem.
Since initiating its Ethereum treasury strategy, SharpLink Gaming has accumulated approximately 360,807 ETH, currently valued at around $1.3 billion. Additionally, the company has earned 567 ETH through staking rewards.
Chalom’s appointment underscores SharpLink’s dedication to developing scalable, Ethereum-driven financial platforms aimed at benefiting both users and shareholders.
This transition also highlights Chalom’s strong commitment to the Ethereum ecosystem and digital asset innovation. He was instrumental in launching BlackRock’s iShares Ethereum Trust (ETHA), which has surpassed $10 billion in assets and is the third-fastest ETF to achieve this milestone.
“I am joining SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance,” Chalom stated. “SharpLink’s commitment to aligning its strategic direction with the Ethereum ecosystem reflects a bold and forward-thinking vision.”
“Few executives in the world have had the kind of impact Joseph has had in unlocking institutional adoption of digital assets, having pioneered BlackRock’s strategic entry into the space,” said Joseph Lubin, SharpLink Chairman, and founder of Consensys.
Rob Phythian, the current CEO of SharpLink, will transition to the role of President while remaining on the company’s Board of Directors.
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