A new crypto infrastructure startup called Block Street has raised $11.5 million to build what it calls an “execution layer for on-chain actions.”
The funding round was led by Hack VC, with backing from Generative Venture, DWF Labs and others, including executives from companies such as Jane Street and Point72.
Block Street’s argument is that trading tokenized stocks should be as fast and reliable as traditional markets.
Their system, called Aqua, is built on Monad and uses a request for quote (RFQ) model where market makers compete to offer the best price. These quotes are cryptographically signed and on-chain verified to prevent tampering or delays.
Another part of the stack, Everst, introduces lending and settlement tools designed specifically for tokenized stocks, allowing users to borrow, short, or hedge these assets. The company says this setup reduces “MEV leakage” and makes tokenized assets more functional, not just speculative.
“Our mandate is infrastructure, not just an application,” said Hedy Wang, co-founder of Block Street. “Monad’s parallel EVM gives us the settlement guarantees and latency budgeting institutions expect, while Aqua and Everst drive best execution and equity-native risk controls directly on-chain.”
Block Street plans to launch Monad later this year, expanding to Ethereum, BNB Chain, and Base as integrations mature. The team, which includes veterans from Citadel, Point72 and Google, plans to publish transparency dashboards showing how much better their execution is compared to automated market makers.
Read More: Crypto Infrastructure Company Zerohash Raises $104 Million in Round Led by Interactive Brokers and Morgan Stanley
