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    HomeFinanceSkyBridge Founder Scaramucci Says Solana Will Replace Banks for IPOs

    SkyBridge Founder Scaramucci Says Solana Will Replace Banks for IPOs

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    At the recent Solana Accelerate 2025 conference, Anthony Scaramucci emphasized that Solana is not just another blockchain; it is poised to revolutionize global finance.

    The SkyBridge Capital founder, currently working on a book called Solana Rising, believes that traditional finance is on the verge of a significant transformation, with Solana leading the way.

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    Scaramucci’s bold assertions are backed by extensive research, discussions with Wall Street CTOs, and conversations with Solana’s Anatoly Yakovenko and Raj Gokal.

    One critical issue highlighted is the nearly $7 trillion spent worldwide on transaction verification. Scaramucci argues that Solana’s high-speed, low-cost infrastructure could significantly reduce these costs, a feat traditional systems have not achieved.

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    He envisions Solana becoming a major financial rail for tokenizing real-world assets, from stocks to bonds and beyond.

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    A groundbreaking promise is the potential for on-chain IPOs that do not require a bank account. Scaramucci believes that Solana’s system could offer IPO functionalities at a fraction of the cost and with broader accessibility.

    Despite regulatory challenges, Scaramucci foresees institutional adoption of Solana. He predicts that major players will eventually offer custody and yield-bearing strategies using Solana and other Layer-1 assets.

    Solana is not just a niche project anymore; it is aiming for Wall Street. The industry signals suggest that this shift may happen sooner than expected.

    Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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