Peter Thiel believes that Ethereum could become the preferred blockchain for RWA on Wall Street.

In August 2025, a major change took place on Wall Street. On August 23rd, the price of Ethereum exceeded $4800 for the first time in four years. This represents a surge of over 200% compared to the low point seen in April this year. It became clear that this wasn’t just another speculative boom in the crypto industry. Behind this was the strategic deployment of traditional financial giants towards blockchain technology. Institutions like BlackRock and Franklin Templeton are transferring billions of dollars worth of real-world assets onto the Ethereum network, making Ethereum the key link between traditional finance and the digital economy.

Peter Thiel is betting on Ethereum as the preferred platform for real-world assets on Wall Street. His investment firm, Founders Fund, has invested heavily in Ethereum-related assets, participating in several investment companies that focus on Ethereum as their core asset.

Founders Fund holds a 7.5% stake in ETHZilla, a company that has transformed from a biotechnology company into an investment tool focused on acquiring Ethereum.

Thiel also controls a 9.1% stake in Bitmine Immersion Technologies (BMNR.US). This company raised $250 million to purchase Ethereum, and since the end of June, its stock value has increased by more than 1000%, bringing its market value to $9.2 billion.

Thiel’s investment strategy is based on the idea that if Ethereum becomes a alternative clearing and settlement channel for dollars, stocks, and other traditional financial assets, its native token will benefit from increased network activity.

Ethereum is becoming the preferred blockchain for real-world assets on Wall Street.

Unlike Bitcoin, Ethereum has an unlimited supply of tokens. However, Ethereum is increasingly being used for various transactions and applications on platforms. Wall Street giants have already started to utilize Ethereum in their investments:

● The world’s largest asset management companies, BlackRock and Franklin Templeton, have launched tokenized money market funds.

● Apollo Global Management Corporation has issued diversified credit securities funds using Ethereum.

The open-source nature of the Ethereum network allows developers to create applications for trading and lending digital currencies, as well as digitizing traditional assets. It is estimated that by 2030, the RWA market size could reach $16 trillion.

Ethereum network transaction activities and price movements

Due to Federal Reserve Chairman Powell’s dovish remarks, Ethereum’s price increased by 15% on Friday, reaching a four-year high. Since the beginning of this year, its price has risen by more than 250%.

In terms of transaction data, as of this year, the total value of Ethereum transactions exceeded $1.2 trillion, compared to $960 billion during the same period last year. The main transactions involve stablecoins like Tether and USDC, as well as withdrawals and deposits by exchanges such as Binance and Coinbase.

Investment risks and potential challenges

Despite Ethereum’s high activity, there are still significant risks associated with investing in it:

● It is uncertain whether the financial industry will widely adopt Ethereum. Goldman Sachs and Merck & Co. have already launched tokenized money market funds on their own private blockchains, indicating strong competition in this area.

● Some network activities may be related to spam or phishing attempts, and the authenticity of the data is questionable.

● 价格上涨或存在投机行为成分。Nansen分析师Nicolai Søndergaard认为，所谓“华尔街重建金融基础设施”更像概念营销，价格上涨可能反映投资者寻找比特币替代品，而非真正认可以太坊长期价值。

未来前景与市场解读

Peter Thiel及Founders Fund押注以太坊的逻辑在于，随着传统金融资产数字化和链上清算的推进，ETH原生代币有望受益。然而，是否能成为主流结算渠道、面对传统金融自建平台的竞争以及潜在投机行为带来的价格波动，都是未来市场需关注的关键因素。

总结

Peter Thiel正押注以太坊成为华尔街RWA平台的核心，推动ETH网络活动与价值增长。华尔街巨头也已开始代币化布局，显示市场潜力巨大。然而，传统金融自建平台竞争、数据真实性风险及价格投机行为仍不容忽视。投资者应审慎评估以太坊在金融基础设施中长期落地的可行性及潜在风险。