Solana: The Future Backbone of Global Finance
At the solana Accelerate 2025 conference, SkyBridge Capital founder Anthony Scaramucci made a bold declaration that Solana is set to revolutionize global finance, potentially replacing traditional banks for IPOs. His upcoming book, *Solana Rising*, delves into this transformative shift, positioning Solana as the core of this new financial paradigm. This article explores Scaramucci’s insights and the implications for the future of finance.
Solana Will Replace Banks for IPOs, Says SkyBridge Founder Scaramucci
Anthony Scaramucci, founder of SkyBridge Capital, declared at the Solana Accelerate 2025 conference that Solana is poised to become the backbone of global finance, not just another blockchain. His forthcoming book, *Solana Rising*, argues that traditional finance stands on the verge of a transformative shift, with Solana at its core.
Scaramucci cites research, discussions with Wall Street CTOs, and insights from Solana co-founders Anatoly Yakovenko and Raj Gokal to support his claims. He highlights a $7 trillion inefficiency in traditional financial systems—a problem Solana’s high-speed, low-cost infrastructure is uniquely positioned to solve.
Solana Rising: Scaramucci’s Vision for Blockchain Finance Transformation
Anthony Scaramucci, founder of SkyBridge Capital, is set to release a book titled ’Solana Rising’ in September. The work positions Solana as a transformative force in global finance through asset tokenization and blockchain efficiency.
Scaramucci estimates blockchain technology could significantly reduce the $7 trillion annually spent on transaction verification. Solana’s high throughput and low costs make it a viable alternative to traditional financial infrastructure for handling stocks, bonds, and other real-world assets.
The SOL Accelerate conference served as a platform for Scaramucci to outline his thesis. His vision challenges incumbent systems by demonstrating how decentralized networks can streamline capital markets.
PEPETO Raises Over $5 Million in Presale, Challenging Solaxy’s Market Position
Pepeto has emerged as a formidable player in the crypto market, clearing $5 million during its presale phase. The project’s unique blend of meme culture and advanced tokenomics has drawn significant attention, positioning it as a potential rival to Solaxy, a promising Layer 2 project built on Solana’s infrastructure.
Unlike typical meme coins, Pepeto introduces a narrative of rebirth and revolution, aiming to address the shortcomings of predecessors like Pepe. The project is guided by six Core principles: Power, Energy, Precision, Efficiency, and two others not fully detailed in the excerpt. This strategic vision has fueled its rapid ascent and heightened market interest.
Franck Muller Launches Limited Edition Solana Watch with Embedded Crypto Wallet
Swiss luxury watchmaker Franck Muller has unveiled a limited-edition timepiece inspired by Solana, bridging horology with Web3. Only 1,111 units will be produced, priced at 20,000 Swiss francs (~$24,300). Each watch features a unique QR code linking directly to the owner’s Solana wallet, merging physical craftsmanship with digital asset utility.
The launch arrives amid growing scrutiny over crypto-related wealth displays, following a surge in physical attacks targeting high-net-worth individuals in the sector. Franck Muller’s MOVE signals luxury brands’ increasing embrace of blockchain ecosystems, though the timing underscores the delicate balance between opulence and security in digital asset circles.
