The Milk Road Show Solana Is Becoming the Backbone of Tokenized Finance w/ Hadley Stern
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Jun 24, 2025 Hadley Stern, Chief Commercial Officer for Marinade Finance and a key player in liquid staking on Solana, discusses the increasing institutional interest in Solana. He delves into how staking could amplify crypto ETFs and the potential impact of stablecoins on the financial landscape. Hadley highlights Solana's unique features as it rises in the world of tokenized finance, exploring its role in real-world applications and the significance of decentralization for future investments.
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Bitcoin's Mixed 'Digital Gold' Role
- Bitcoin does not consistently trade like digital gold in the short term.
- Over longer periods, its scarcity drives a generally uncorrelated upward trend in price.
Fidelity's Early Bitcoin Experiments
- Fidelity originally viewed Bitcoin as a payment system, not digital gold, back in 2014.
- They experimented by enabling Bitcoin payments in their cafeteria to understand its utility.
Stablecoins As Tokenized Cash
- Stablecoins represent a digital record of real-world cash assets on blockchains.
- They pave the way for tokenization of diverse real-world assets like stocks and real estate.