PANews August 24 news, according to Zhitong Finance reports, billionaire investor Peter Thiel is betting that Ethereum will become Wall Street's preferred platform for RWA. His investment firm Founders Fund has heavily invested in Ethereum-related assets and invested in several companies that use Ethereum as a reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic in Ethereum is that if Ethereum can become an alternative channel for processing USD, stocks, and other asset clearing and settlement 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 Ethereum concept stocks.

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