Sharpnink CEO: tokenization is accelerating into traditional finance, Ethereum may diverge from Bitcoin in the long run On May 15th, according to The Block, Sharpnink CEO Joseph Chalom stated that the New York Stock Exchange and Nasdaq are promoting 24/7 trading, while the American Depository Trust and Clearing Corporation is advancing tokenization of collateral, coupled with Bullish's acquisition of Equiniti, indicating that the process of public equity going live may be faster than market expectations. At the same time, the stock prices of several Ethereum reserve companies have significantly fallen from their peak in the summer of 2025, and the ratio of market value to net asset value has noticeably contracted. Chalom stated that some companies are under pressure due to premature issuance of preferred stocks or convertible bonds; Sharpnink focuses more on equity financing and pledge income, and strives to maintain a simple balance sheet. He also stated that in the past year and a half, Bitcoin and Ethereum have become more like risky assets, but as stablecoins, tokenized assets, DeFi, and AI applications expand on Ethereum, Ethereum may further differentiate from Bitcoin in the long run.