DWF Labs Participates in BlockStreet’s Funding Round to Advance On-Chain Stock Infrastructure

DWF Labs, a global crypto market making and venture capital firm, along with other prominent investors, has joined a group of prominent investors backing BlockStreet in its $11.5 million funding round. The investment will accelerate the rollout of BlockStreet’s core infrastructure products, Aqua and Everst, designed to deliver institutional-grade trading systems for tokenized equities.

BlockStreet positions itself at the intersection of tokenized real-world assets (RWAs) and DeFi, offering a solution to what is missing from many token-stock offerings: true execution quality, borrowing and hedging functionality and transparent routing. The project aims to serve as a layer where tokenized equities are not just wrappers of stocks, but fully tradable, hedgeable, and settlement-efficient instruments.

Built on the Monad blockchain, Aqua is a request-for-quote (RFQ) engine that enables market makers to submit cryptographically signed quotes verified on-chain before settlement. This approach, the company notes, reduces latency, slippage, and information leakage compared to automated market makers (AMMs).

Everst complements this by offering lending and liquidation functionalities tailored for tokenized stocks: users will reportedly be able to borrow, short or hedge tokenized equity positions, with a hybrid on-chain and off-chain liquidation system and dual-oracle aggregation to maintain control over risk.

BlockStreet emphasizes that its mission extends beyond launching a trading application as the company aims to build infrastructure for the emerging RWA ecosystem:

“Monad’s parallel EVM gives us the settlement guarantees and latency budget institutions expect, while Aqua and Everst push best-execution and equity-native risk controls directly on-chain,” said Hedy Wang, co-founder of BlockStreet.

The raised capital will be allocated toward hiring across systems engineering and risk functions, expanding market-maker programs, strengthening issuer connectivity, completing audits, and preparing for mainnet launch. The BlockStreet team includes veterans from Point72, Citadel, and Google, combining traditional finance expertise with deep blockchain engineering experience. Following the initial rollout on Monad, integrations with Ethereum, BNB Chain, and Base are planned.