Ethereum may have led the way in decentralized finance, yet in 2025, scalability issues remain a concern.
Kyle Samani, chairman of Forward Industries, believes Ethereum’s constraints create opportunities for Solana, which he claims is the only blockchain already equipped to support global capital markets.
Recently compared to the “Michael Saylor of Solana,” Samani appreciates the analogy but asserts that his vision extends far beyond treasury management. Forward Industries, a major treasury holder of Solana (SOL), aims to integrate capital markets onchain, covering everything from equity tokenization and shareholder governance to dividends and fundraising.
“We want to demonstrate that these things can be accomplished,” he stated in a detailed conversation with Cointelegraph.
During the interview, Samani highlights a critical moment: a speech by Securities and Exchange Commission (SEC) Chair Paul Atkins that introduced “Project Crypto,” a plan to investigate moving US securities markets onchain. He interprets these comments as an indication that traditional financial systems are pivoting to blockchain, positioning Solana as a strong candidate to facilitate this evolution.
The viability of Solana as a competitor to Wall Street is still uncertain. Samani elaborates on both the opportunities and challenges, mentioning the prospects of staking features on Solana exchange-traded funds (ETFs) alongside the difficulties of managing through bear markets.
Watch the full interview on Cointelegraph’s YouTube channel for a deeper exploration of Samani’s insights on Ethereum, tokenized equities, and Solana’s potential as a global settlement layer for capital markets.
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