EddieJayonCrypto
24 May 25
At the Solana Accelerate conference, Anthony Scaramucci, founder of SkyBridge Capital, announced he is writing a book titled Solana Rising, set for release in September. The book explores Solana blockchain's potential in tokenizing financial assets and reshaping global finance. Scaramucci highlighte...
Anthony Scaramucci envisions Solana as a transformative blockchain infrastructure for global finance, emphasizing its potential in real-world asset tokenization and cost-efficient transaction verification.In his upcoming book, Solana Rising, set for release in September, Scaramucci explores Solana’s capacity to serve as a major financial "rail system," comparable to Bitcoin’s role with money, highlighting its speed, scalability, and affordability.He spotlights the promise of on-chain IPOs, which could drastically reduce the traditionally high capital-raising fees of up to 7%, while expanding investment access to millions of unbanked individuals worldwide — all that without the need for a bank account, only a digital wallet.Despite facing regulatory challenges, Scaramucci predicts institutional adoption of Solana is inevitable. He envisions major financial institutions providing custody services and yield-bearing products based on Solana and other Layer-1 tokens.Scaramucci also emphasizes a future financial system where crypto assets on Solana generate yield through staking and lending, effectively aligning blockchain-based finance with traditional investment returns.At the Solana Accelerate conference, Scaramucci, founder of SkyBridge Capital, shared insights gathered from interviews with Solana co-founders and Wall Street CTOs. He noted that an estimated $7 trillion is spent annually on transaction verification globally — a figure blockchain technology like Solana could significantly reduce.SkyBridge Capital is actively developing strategies to capitalize on these innovations, while Solana Rising aims to demystify the blockchain’s financial applications and advocate for broader institutional and regulatory acceptance of on-chain finance.