Last night when I turned on CNBC news for my ritual pre-sleep business news update, for the first time ever I saw a discussion on Solana – a high performance blockchain governed by the sixth largest cryptocurrency, SOL. On the show was Anthony Scaramucci, the founder of Skybridge Capital, a global alternative investment management firm headquartered in New York. My young daughter excitedly told me “this guy is talking about money!”
In an evident signal of crypto turning mainstream, here was a discussion on CNBC on the power and integration of blockchain technology with traditional finance. And to be clear, Solana is much more than just “money.”
Scaramucci told CNBC that tokenization will drive the next stage of digital finance as smart contracts move onto fast and inexpensive blockchain rails. He said Solana offers unique technical properties that position it as a leading platform for developers, adding that Solana succeeds because its architecture uses existing computing concepts rather than untested designs. He framed Solana as one of the few networks likely to become a global standard for tokenization and high-throughput applications.
As we reported yesterday, the world’s largest asset manager, Blackrock, says that the tokenization of assets on the blockchain is shaping the next evolution of global markets and will act as a bridge between the crypto industry and traditional finance (TradFi). And the vast majority of tokenization is occurring on two blockchains: Solana and Ethereum.
Solana Rising
For Solana, the total transactions executed on its blockchain on a daily basis are about 14 billion, which incredibly exceeds the total transactions recorded in equities, bonds, commodities, and foreign exchange combined. Many analysts view the blockchain as being “tailor-made for financial markets.”
Speaking at a Solana event last June, Scaramucci SkyBridge’s Anthony Scaramucci made some key predictions about the Solana ecosystem. He most notably affirmed that bringing Initial public offerings (IPOs) on-chain is possible and allows non-traditional users affiliated with banks to purchase IPOs through their digital wallets.
“You can actually crowdsource the public offering through the tokenization process.” He remarked. While interviewing Chief Technology Officers around Wall Street for his forthcoming book, Solana Rising, he revealed that Solana’s scale, functionality, affordability, and throughput position the network to become one of the principal rail systems.
The most successful ETF launch of 2025
Adding to its mainstream adoption and attention, a slew of Solana ETFs have been launched in the US over the past month. It was just the third cryptocurrency to have an ETF in the US after Bitcoin and Ethereum. Crypto ETFs were almost unthinkable just a few years ago – now the asset class is clearly going mainstream and is being driven by institutional buying and the transformative development of financial markets moving onto the blockchain. The first Solana Staking ETF launched in late October, BSOL, was according to Fortune Crypto the most successful ETF launch of 2025 in any asset class.
At the time of the launch, a managing partner at Multicoin Capital described BSOL’s launch as “truly a watershed moment,” noting that “the substantial majority of capital in the world was legally not allowed to trade or own Solana until today.”
In other words, a cryptocurrency that just 5 weeks ago was not legally able to be owned by the majority of capital in the world, is now being promoted on CNBC.
The floodgates have clearly opened.