BCGAME - Free 5BTC Daily Bonus!- Solana reduces global financial transaction costs
- Blockchain-based IPOs eliminate the need for bank intermediation
- Institutions target strategies with assets on Solana
During the Solana Accelerate 2025 event, Anthony Scaramucci stated that the Solana network is ready to become a foundation of global finance. The SkyBridge Capital founder is writing a book on the topic, titled Solana Rising, where defend that the current traditional financial system is obsolete and ready for a transformation led by blockchain technology.
Scaramucci estimates that around $7 trillion is wasted annually on transaction verification processes. He believes that Solana, with its high-speed architecture and low operating costs, has the potential to solve this inefficiency. “Think of Solana as the operational layer for real-world assets, the way Bitcoin is for money,” he said.
One example he cited is the possibility of conducting initial public offerings directly on the blockchain. According to him, this on-chain format eliminates the need for bank accounts and drastically reduces the fees charged by intermediary institutions. “You don’t need a bank account to buy an on-chain IPO, just a wallet,” he said.
Additionally, he compared the costs of traditional public offerings, which can consume up to 7% of the amount raised, with the more affordable rates offered by solutions built on Solana, expanding access to the capital markets to a much larger audience.
Despite potential regulatory challenges, Scaramucci assured that traditional financial institutions are already studying ways to operate with Solana. He mentioned that executives such as Jamie Dimon, from JPMorgan, are showing interest, albeit cautiously. The projection is that, soon, large banks will offer custody and yield products tied to Layer 1 cryptocurrencies, such as SOL.
According to him, SkyBridge is already developing strategies that involve lending and yield farming within the blockchain. Complementing this thought, Akshay BD, from the Solana Foundation, highlighted the network's ability to enable the tokenization of assets at scale, making the concept of micro-ownership accessible to anyone, even outside the traditional financial system.
