According to online reports, billionaire investor Peter Thiel is betting that Ethereum will become the preferred platform for Wall Street RWA. His investment company Founders Fund has invested heavily in Ethereum-related assets and invested in a number of companies that use Ethereum as an inventory reserve asset, including ETHZilla and Bitmine. Peter Thiel's investment logic in Ethereum is that if Ethereum can become an alternative channel for clearing and settling dollars, stocks and other assets outside the traditional financial system, then its native tokens will greatly benefit from the increase in online activity. However, Nicolai Sødergaard, a research analyst at Nansen, pointed out that the so-called 'Wall Street is rebuilding its financial infrastructure on Ethereum' is more like a marketing rhetoric to attract people to buy Ethereum concept stocks.