SkyBridge Founder: Solana Will Replace Banks for IPOs

ChainCatcher news, according to Coinpedia, SkyBridge Capital founder Anthony Scaramucci stated at the Solana Accelerate 2025 conference that Solana will become a pillar of global finance and will replace banks in the capital markets.

Scaramucci pointed out that nearly $7 trillion is spent globally each year on transaction verification, and Solana's high-speed, low-cost infrastructure can significantly reduce these costs. He predicts that Solana will become one of the main financial rails for the tokenization of real-world assets, ranging from stocks to bonds and various other assets.

Scaramucci emphasized that on-chain IPOs do not require bank accounts, only a wallet. Compared to the traditional IPO fees of up to 7%, the Solana system can provide the same functionality at a lower cost and with broader coverage. Despite facing regulatory resistance, he believes that institutional adoption of Solana is "inevitable," and SkyBridge is already developing related strategies.

Akshay BD from the Solana Foundation also stated that Solana can achieve universal micro-ownership through tokenization, allowing everyone to become an investor.