News list for " replace banks"

Anthony Scaramucci, founder of SkyBridge Capital, said at the Solana Accelerate 2025 conference that Solana will become the backbone of global finance and will replace banks in the capital markets. Scaramucci pointed out that the world spends nearly $7 trillion a year on transaction verification, and Solana's high-speed, low-cost infrastructure can slash those costs significantly. He predicts that Solana will become one of the main financial tracks for the tokenization of real-world assets, from...

2025-05-24 12:24:38