Solana Poised to Disrupt Traditional Banking—Scaramucci Predicts Blockchain Will Swallow IPOs

Wall Street’s old guard just got another wake-up call—this time from SkyBridge’s Anthony Scaramucci. The hedge fund heavyweight claims Solana’s blockchain could soon render banks obsolete for initial public offerings.

Move over, middlemen. The high-speed network—already a favorite for decentralized apps—now sets its sights on Wall Street’s most lucrative playground. No more 60-page prospectuses, no more waiting months for SEC nods. Just code, tokens, and a middle finger to legacy finance’s gatekeepers.

Of course, the suits won’t go quietly. Expect lawsuits, lobbying, and at least three CNBC anchors hyperventilating about ’investor protection.’ But when the same system that brought you 2008 starts clutching pearls, maybe that’s the ultimate buy signal.

At the solana Accelerate 2025 conference, Anthony Scaramucci made one thing clear: Don’t treat Solana like just another blockchain;it’s gearing up to be the backbone of global finance.

The SkyBridge Capital founder, who’s now penning a book titled Solana Rising, believes traditional finance is on the brink of a major upgrade, with Solana at the core. 

Bold claims but he’s backing it up with research, interviews with Wall Street CTOs, and conversations with Solana’s own Anatoly Yakovenko and Raj Gokal.

Here’s what you should know. 

A $7 Trillion Problem, and Solana’s Fix

Scaramucci pointed to a staggering figure: nearly. That inefficiency, he argues, is ripe for disruption. Solana’s high-speed, low-cost infrastructure could cut those costs dramatically – something no traditional system has managed to do.

“Think of Solana as the operating layer for real-world assets, in the same way Bitcoin is for money,” he said.

Scaramucci sees Solana becoming one of the major financial rails for real-world asset tokenization. We’re talking from stocks to bonds and everything in between.

On-Chain IPOs Could Break the Banking Barrier

Here’s one of the boldest promises.  IPOs that don’t require a bank account. 

“You don’t need a bank account to buy an IPO on-chain, just a wallet,” Scaramucci said.

He compared blockchain-powered IPOs to traditional offerings that can rack up 7% in fees, arguing Solana’s system could offer the same functionality at a fraction of the cost, with much broader access. 

Institutional Adoption Is “Inevitable”

Despite ongoing regulatory friction, Scaramucci insists big players are circling. He called out JPMorgan’s Jamie Dimon as a cautious example, predicting major institutions will eventually custody and offer yield-bearing strategies using Solana and other Layer-1 assets.

“Solana will be part of a financial system where you not only stake, but also lend your assets – earning yield like you WOULD in traditional finance,” he added. 

SkyBridge is already working on such strategies.

“Make Everyone an Investor”

Scaramucci isn’t the only one highly bullish on Solana and its potential. Earlier this week, Solana Foundation’s Akshay BD laid out a broader vision:.

The current financial model, he argued, locks out most retail investors. “Solana could make everyone an investor or a dreamer over time,” he said – especially in a world where low bond yields and overvalued markets leave few appealing options.

Here’s the bottom line:

Solana is not a niche project anymore. It’s gunning for Wall Street. And if the industry signals are anything to go by, the shift might be here soon.