At the Solana Accelerate gathering, investor Anthony Scaramucci shared an ambitious plan for how blockchain technology could revolutionize worldwide finances. He also revealed that he’s working on a book about Solana, entitled “Solana Ascending.
In September, the upcoming book delves into practical uses of blockchain technology and its future role as a key framework for digitizing financial resources through tokens.
SkyBridge Capital’s founder, Scaramucci, recently disclosed findings from his current study, which encompassed discussions with the co-creators of Solana, Anatoly Yakovenko and Raj Gokal, along with several top tech executives on Wall Street.
It was pointed out that approximately $7 trillion is globally expended on verifying transactions, a sum that might be significantly reduced through the employment of blockchain platforms such as Solana.
According to Scaramucci, Solana’s rapid speed, affordability, and capacity make it a strong contender to serve as one of the primary financial “transportation networks.” He envisions Solana playing a crucial role in tokenizing real-world assets like stocks and bonds. Essentially, he compares Solana to the underlying system that Bitcoin provides for money, implying that Solana could function similarly for real-world assets.
Solana institutional adoption
Scaramucci additionally highlighted the potential of on-chain Initial Public Offerings (IPOs), pointing out that they could significantly reduce the expenses associated with raising capital and provide opportunities for investment to millions of people around the world who currently lack banking services.
He pointed out that having a bank account isn’t necessary when purchasing an Initial Public Offering (IPO) through blockchain technology; instead, you just need a digital wallet. This is quite different from traditional methods where IPOs came with a 7% fee, whereas blockchain can provide similar services at a significantly lower cost.
In simpler terms, Scaramucci stated that even though there may be hesitation from regulators and friction within politics, the acceptance of institutions is considered unavoidable. He referenced JPMorgan CEO Jamie Dimon’s cautious stance as a reference point. In the future, Scaramucci anticipates significant financial players will manage and provide income-generating strategies with Solana and other Layer-1 tokens.
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Scaramucci believes that despite any regulatory uncertainty or political strife, it is only a matter of time before institutions adopt this technology. He drew attention to JPMorgan CEO Jamie Dimon’s cautious stance as an example. In the near future, Scaramucci expects major financial players will handle and create income-generating strategies using Solana and other Layer-1 tokens.
The founder of SkyBridge predicted a transition towards crypto assets being used as income-producing tools. He stated that Solana will likely be incorporated into a financial system where not only can you store your assets, but also lend them out – earning returns similar to traditional banking. It’s worth noting that SkyBridge is currently focusing on developing strategies based on these concepts.
Through the initiative “Solana Rising”, Scaramucci intends to clarify the use of blockchain in financial matters and promote a more widespread acceptance among institutions and regulators regarding on-chain finance.
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2025-05-24 14:32