Billionaire Peter Thiel bets on Ethereum as the preferred blockchain for Wall Street RWA.

CoinVoice has learned that, according to the Wall Street Journal, billionaire investor Peter Thiel is betting that Ethereum will become the preferred platform for RWA on Wall Street. His investment firm, Founders Fund, has heavily invested in Ethereum-related assets and in several companies that use Ethereum as a reserve asset, including ETHZilla and Bitmine.

Peter Thiel's investment logic for Ethereum is that if Ethereum can become an alternative channel for clearing and settling dollars, stocks, and other assets outside the traditional financial system, then its native token will benefit significantly from increased network activity.

However, Nansen's research analyst Nicolai Søndergaard pointed out that the claim of "Wall Street rebuilding its financial infrastructure on Ethereum" is more like a marketing pitch to attract people to buy Ether concept stocks.