While Ethereum was the pioneer of decentralized finance, concerns about scalability persist into 2025.
Kyle Samani, chairman of Forward Industries, believes Ethereum’s limitations create opportunities for Solana, which he claims is uniquely equipped to support global capital markets.
Recently compared to “Michael Saylor of Solana,” Samani appreciates the recognition but emphasizes that his vision extends beyond treasury strategy. Forward Industries, one of the largest holders of Solana (SOL), aims to transition capital markets to onchain solutions, including equity tokenization and shareholder governance.
“We want to prove these things can be done,” he stated during a detailed discussion with Cointelegraph.
In the talk, Samani recalls a significant moment: a speech by SEC Chair Paul Atkins unveiling “Project Crypto,” a plan to investigate the integration of US securities markets with blockchain technology. Samani interpreted this as an indication that traditional financial systems are evolving towards blockchain solutions, positing that Solana is well-prepared for this shift.
The feasibility of Solana competing with Wall Street remains uncertain. Samani considers both the opportunities and the challenges, mentioning features like staking on Solana exchange-traded funds (ETFs) and the difficulties in bear markets.
Watch the full interview on Cointelegraph’s YouTube channel for an in-depth look at Samani’s perspectives on Ethereum, tokenized equities, and the potential role of Solana as a global capital markets settlement layer.
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