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Solana Rising: Scaramucci Declares Blockchain the Future Backbone of Global Finance
- SkyBridge Capital’s Anthony Scaramucci believes Solana could become the backbone of global finance, potentially slashing the US$7 trillion annual cost of transaction verification through its high-speed, low-fee network.
- Despite network outage issues, Solana continues development with Anza announcing Alpenglow, a new consensus protocol designed for high-performance proof-of-stake blockchains.
- Scaramucci envisions Solana enabling real-world assets like stocks and bonds to live on-chain, bypassing traditional banks and making investing universally accessible to users.
- The SkyBridge founder praised the Trump administration, particularly David Sacks and Paul Atkins, for ending partisan approaches to crypto regulation.
SkyBridge Capital founder Anthony Scaramucci recently spoke at the Solana Accelerate 2025 conference and had some interesting thoughts on the Solana blockchain. He explained, that in his view, this is not just another blockchain, but the potential future backbone of global finance.
He told listeners on stage that Solana is capable of slashing the roughly US$7 trillion (AU$10.7 trillion) annual cost of transaction verification through its high-speed, low-fee network.
Solana is one of the fastest blockchains in the space, but has been suffering from network outages. Nevertheless, work in the background is ongoing to improve the already high transaction speeds.
Related: Pantera’s Santori Hails DeFi-Driven Solana Strategy as Superior to ETFs
Recently, blockchain infrastructure company Anza announced it would release Alpenglow “a consensus protocol tailored for a global high-performance proof-of-stake blockchain”, said Roger Wattenhofer, Head of Research at Anza.
By enabling real-world assets (stocks, bonds, even IPOs) to live on-chain, Solana could bypass traditional banks and make investing universally accessible, Scaramucci continued.
He pointed out that major institutions like JPMorgan are already taking notice, and he imagines a world where users can stake, lend and earn yields on Solana just as they do in today’s banking system.
Think of Solana as the operating layer for real-world assets, in the same way Bitcoin is for money.
Anthony Scaramucci Scaramucci Credits Trump Team with Overcoming Partisanship in Crypto Regulation
Scaramucci, usually a staunch critic of Donald Trump, also gave the current administration credit for positive developments in the crypto sector.
He said that Trump’s team – especially mentioning AI and Crypto Czar David Sacks and US Securities and Exchange Commission (SEC) Chair Paul Atkins – had ended partisanship around crypto regulation, adding that in his view “the best countries […] don’t regulate from a partisan bias”.
Related: GENIUS Act Anti-Corruption Amendment Planned to Foil Trump Stablecoin Profiteering
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Scaramucci said earlier this month that he believes crypto payments will be included in Elon Musk’s super app on X.
He mused that the app could combine messaging and payments with other unspecified social features. He didn’t at the time say which asset could be included but said “I think he’s going to be using crypto”.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
