Block Street

Block Street is a blockchain infrastructure project focused on building a unified liquidity and execution layer for tokenized capital markets. The project’s stated aim is to aggregate fragmented liquidity for tokenized equities and related real‑world assets (RWAs) across issuers and chains, and to provide institutional‑grade execution via an off‑chain request‑for‑quote (RFQ) system paired with on‑chain settlement. ^[1] ^[2]

Overview

Block Street is a blockchain infrastructure project focused on supporting the trading, lending, and financial applications of tokenized stocks and other real-world assets. Founded in 2024 by Hedy Wong and Mike Wu, the platform aims to address fragmentation in tokenized equity markets by providing tools for liquidity aggregation, execution, and lending. Its infrastructure is built around two main components: Aqua, a liquidity and execution layer that aggregates quotes from tokenized asset issuers and market makers, and Everst, a decentralized lending protocol designed specifically for tokenized equities. Block Street has focused on building systems that allow users to trade tokenized stocks, use them as collateral, and access DeFi-style financial products while maintaining on-chain settlement and transparency.

Aqua uses a request-for-quote (RFQ) model to collect pricing from multiple liquidity providers, compare available offers, and execute trades through smart contracts. Everst provides lending markets where users can supply tokenized stocks to earn yield or borrow against their holdings through overcollateralized pools, using price oracles, collateral factors, and liquidation mechanisms to manage risk. The platform initially launched on the Monad blockchain and expanded to other EVM-compatible networks. In October 2025, Block Street announced an $11.5 million funding round from investors including Hack VC and DWF Labs to support development, integrations with tokenization providers, and expansion of its infrastructure. ^[1] ^[9]

Technology

Aqua

Aqua is Block Street's liquidity and execution layer for tokenized stocks and other real-world assets, designed to connect multiple issuers, market makers, and liquidity providers through a unified trading infrastructure rather than operating as a standalone exchange. Using a request-for-quote (RFQ) model combined with WebSocket connectivity, Aqua aggregates quotes from integrated liquidity sources and routes orders to the provider offering the best available execution. The platform is designed to reduce market fragmentation by improving price discovery while allowing users to retain custody of their assets. Its architecture combines off-chain quote aggregation with on-chain smart contract verification and settlement, enabling transparent execution across multiple providers.

Aqua is built with several infrastructure layers, including unified liquidity aggregation, risk management, trading applications, and integrations with external DeFi protocols. The protocol supports cross-chain connectivity across Ethereum, BNB Chain, and Base, while incorporating tools such as cross-protocol collateral management, dynamic risk monitoring, and institutional-grade APIs for low-latency trading. On-chain components manage token registries, issuer registries, and trade execution through issuer-specific smart contracts, while off-chain systems coordinate price aggregation and routing. Together, these components are intended to provide a common liquidity network for tokenized assets while supporting interoperability across multiple blockchain ecosystems. ^[10] ^[11]

Everst Protocol

Everst is Block Street's decentralized lending and leverage protocol for tokenized stocks, designed to let users supply tokenized equities and stablecoins, earn yield, borrow against their holdings, and access leveraged positions without relying on traditional financial intermediaries. Built on a pooled lending model, the protocol issues interest-bearing receipt tokens (BTokens) that represent users' deposits and dynamically adjusts borrowing and lending rates based on market utilization. Loans are overcollateralized and monitored through real-time health factors, with automated liquidation mechanisms to protect liquidity pools when collateral values decline. Everst also supports continuous trading outside traditional market hours and is intended to improve capital efficiency by allowing tokenized stock positions to be reused across decentralized finance applications.

To manage risk, Everst incorporates multiple security mechanisms, including asset-specific collateral requirements, real-time health factor calculations, dynamic interest rate models, and price data from multiple oracle providers such as Chainlink and Pyth. Its architecture consists of modular smart contracts that manage lending pools, interest calculations, price feeds, and protocol governance, while additional safeguards such as supply and borrow caps, emergency pause functionality, multi-signature administration, and timelocks are designed to enhance protocol security. Together with Block Street's Aqua liquidity network, Everst forms the lending and leverage layer of the platform, providing infrastructure for borrowing, lending, and liquidity management within tokenized equity markets. ^[12] ^[13]

BSB

BSB is the native utility and governance token of the Block Street ecosystem. It is designed to support protocol governance, enabling token holders to participate in decisions about platform parameters and asset listings as governance becomes more decentralized. The token is also intended for staking, providing access to membership tiers, fee discounts, and ecosystem incentives, while serving as collateral and supporting liquidity

and auction-related protocol mechanisms. ^[2] ^[3]

Tokenomics

BSB has a total supply of 1B tokens and has the following distribution: ^[2] ^[3]

Community & User Incentives: 22.10%
Ecosystem Partners: 20.60%
Team & Advisors: 17.30%
Core Investors: 15.70%
Exchanges & Marketing: 10.65%
Treasury: 5.65%
Liquidity: 5.00%
Strategic Investors: 3.00%

BSB Staking

BSB Staking is Block Street's governance staking system, allowing users to lock BSB tokens in a shared staking pool until a single global unlock date while participating in governance and reward distribution. Voting power increases over time, growing from 1× at the start of staking to a maximum of 4× after one year, encouraging longer-term participation. Eligible participants meeting the minimum staking threshold can submit governance proposals, while Block Street determines which proposals are included in each voting epoch and sets the corresponding reward allocation. Rewards are distributed to users who participate in voting, regardless of whether they vote for or against a proposal, with each participant's reward determined by their highest voting weight during that epoch. Staked tokens and accrued rewards become claimable only after the global unlock date, making the system primarily a governance participation mechanism rather than a source of continuous passive token emissions. ^[14]