Market Cap: $3.3978T 0.860%
Volume(24h): $96.4309B -43.650%
  • Market Cap: $3.3978T 0.860%
  • Volume(24h): $96.4309B -43.650%
  • Fear & Greed Index:
  • Market Cap: $3.3978T 0.860%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$107957.245065 USD

0.19%

ethereum
ethereum

$2508.355924 USD

-1.20%

tether
tether

$1.000227 USD

0.00%

xrp
xrp

$2.316526 USD

-0.45%

bnb
bnb

$665.985271 USD

0.37%

solana
solana

$172.342327 USD

-1.37%

usd-coin
usd-coin

$0.999629 USD

-0.02%

dogecoin
dogecoin

$0.222496 USD

-2.48%

cardano
cardano

$0.740686 USD

-1.75%

tron
tron

$0.269423 USD

-1.18%

sui
sui

$3.604351 USD

-1.17%

hyperliquid
hyperliquid

$33.793015 USD

4.53%

chainlink
chainlink

$15.353547 USD

-1.83%

avalanche
avalanche

$22.811071 USD

-1.87%

stellar
stellar

$0.285294 USD

-1.28%

Cryptocurrency News Articles

Anthony Scaramucci says Solana will power on-chain IPOs, replacing banks in capital markets.

May 24, 2025 at 07:43 pm

He predicts Solana will become a core infrastructure for tokenizing real-world financial assets. Despite regulatory friction, Scaramucci says adoption is inevitable.

Anthony Scaramucci says Solana will power on-chain IPOs, replacing banks in capital markets.

Anthony Scaramucci predicts Solana will be used for on-chain IPOs with no bank involvement and a high-speed system for cutting transaction costs.

Institutions are showing interest in Solana despite regulatory friction, Scaramucci says.

At the Solana Accelerate 2025 conference, SkyBridge Capital founder Anthony Scaramucci had one key message: Don’t treat Solana like just another blockchain; it’s quickly becoming the backbone of global finance.

Now writing a book titled Solana Rising, Scaramucci predicts traditional finance is on the brink of a major upgrade, fueled by Solana’s high-speed blockchain technology.

He's backing up his claims with research, interviews with Wall Street CTOs, and conversations with Solana’s Anatoly Yakovenko and Raj Gokal. Here’s what you should know.

A $7 Trillion Problem, and Solana’s Fix

Scaramucci pointed to a staggering figure: nearly $7 trillion is spent globally on transaction verification. That inefficiency, he argues, is ripe for disruption.

Solana’s high-speed, low-cost infrastructure could cut those costs dramatically – something no traditional system has managed to do.

“Think of Solana as the operating layer for real-world assets, in the same way Bitcoin is for money,” he said.

Scaramucci envisions Solana becoming one of the major financial rails for real-world asset tokenization – from stocks and bonds to emerging asset classes.

On-Chain IPOs Could Break the Banking Barrier

One of the boldest promises: IPOs that don’t require a bank account.

“You don’t need a bank account to buy an IPO on-chain, just a wallet,” Scaramucci said.

He compared blockchain-powered IPOs to traditional offerings that can rack up 7% in fees, arguing Solana’s system could offer the same functionality at a fraction of the cost, with much broader access.

The SkyBridge founder also predicts major institutions will eventually custody and offer yield-bearing strategies using Solana and other Layer-1 assets – something even JPMorgan’s Jamie Dimon is slowly moving toward.

Solana will be part of a financial system where you not only stake, but also lend your assets – earning yield like you would in traditional finance,” he added.

His firm is already working on such strategies.

‘Make Everyone an Investor’

Earlier this week, Solana Foundation’s Akshay BD spoke about universal micro-ownership through tokenization.

The current financial model, he said, locks out most retail investors. “Solana could make everyone an investor or a dreamer over time,” he said – especially in a world where low bond yields and overvalued markets leave few appealing options.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on May 25, 2025