While Ethereum pioneered decentralized finance, scalability issues still arise in 2025.
Kyle Samani, chairman of Forward Industries, suggests that Ethereum’s limitations create opportunities for Solana, which he believes is uniquely positioned to support global capital markets.
Recently labeled the “Michael Saylor of Solana,” Samani appreciates the comparison but asserts that his vision extends beyond treasury strategy. Forward Industries, one of the largest holders of Solana (SOL), aims to bring capital markets onchain, covering aspects like equity tokenization, shareholder governance, dividends, and fundraising.
“We want to prove these things can be done,” he stated during a detailed discussion with Cointelegraph.
He highlighted a significant moment: SEC Chair Paul Atkins’ address introducing “Project Crypto,” a plan to investigate moving US securities markets onchain. Samani interpreted this as evidence of a shift towards blockchain in traditional financial infrastructure, indicating that Solana is well-positioned for this change.
However, whether Solana can genuinely compete with Wall Street is still uncertain. Samani explores both the potential and the risks, mentioning opportunities like staking features on Solana ETFs and the difficulties of bear markets.
Watch the full interview on Cointelegraph’s YouTube channel for deeper insights into Samani’s perspectives on Ethereum, tokenized equities, and Solana’s potential as a global settlement layer for capital markets.
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