Block Street, a tokenized stock infrastructure company, raises $11.5 million in funding led by Hack VC

Block Street announced the completion of an $11.5 million strategic funding round led by Hack VC, with participation from Generative Ventures, DWF Labs, StudioB, and Bridge34. Block Street is focused on building the execution and lending layer for tokenized stocks, leveraging its technology stack, including Aqua (RFQ intent) and Everst (hybrid clearing). The project plans to launch initially on the Layer 1 (L1) project, Monad, in the fourth quarter of this year, with subsequent expansion to Ethereum, BNB Chain, and Base. The team, comprised of members from renowned institutions such as Citadel, Point72, and Google, plans to launch a transparent dashboard to enhance the user experience.