Anthony Scaramucci says Solana will Seamlessly Substitute Banks for IPOs

SkyBridge’s Anthony Scaramucci, while speaking at the Solana Accelerate conference, made some key predictions about the Solana ecosystem. Scaramucci 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 wallets. “You can actually crowdsource the public offering through the tokenization process.” He remarked. When asked about the state of institutional investors and their interest levels in Solana, he revealed that he was authoring a book on Solana titled “Solana Rising”. While interviewing Chief Technology Officers around Wall Street for the book, he revealed that Solana’s scale, functionality, affordability, and throughput position the network to become one of the principal rail systems. “If Bitcoin is the operating layer for money, Solana will be the operating layer for real-world assets, stocks, bonds, and tokenization.” He asserted. Speaking of skeptics, particularly Jamie Dimon, the CEO of JPMorgan Chase, who maintains that he is not a fan of Bitcoin and has shown almost no interest in the broader crypto market, Scaramucci believes he will “come around.” He explains that Dimon, surrounded by Senator Elizabeth Warren, tasked with regulating the financial system, is understandably “towing the line.” He further credits the Trump administration for reshaping the system. Scaramucci conclusively disclosed that he and Michael Saylor are fixed on the process of assets transitioning into yield-bearing assets. “Solana certainly, you have the staking situation, but Solana is going to be a healthy enough operating system where you’re going to be able to lend your Solana out, go to a Goldman Sachs of crypto, like a Galaxy, post up your Solana. Sure, you’ll get your staking, but you will also be able to lend it out and get yield in addition to that.” He remarked.

Source: ZyCrypto