Accelerate with Mert Kyle Samani: Solana Treasury, The Future of Trading, and Crypto Stock Markets | ACC 1.5
Sep 22, 2025
Kyle Samani, a serial crypto investor and co-founder of Multicoin Capital, shares insights on building internet capital markets through Solana. He discusses Forward's innovative treasury strategy and the importance of accumulating SOL per share. Kyle highlights the evolving nature of trading with new modalities beyond traditional exchanges, and he emphasizes Solana's capabilities for institutional adoption. He also critiques current market strategies and offers tactical investing advice, underscoring communication as a crucial skill for founders.
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One Global Ledger For All Assets
- Internet capital markets mean trading and settling every asset on one global ledger, permissionless and programmable.
- Kyle argues Solana can host securities, dividends, fundraising, payroll, and shareholder governance on-chain.
Run Treasury For Positive Credit Spread
- Use the company balance sheet to generate yield by borrowing at low rates and deploying into higher-yield on-chain DeFi.
- Reinvest net yield to buy more SOL per share or service perpetual preferred coupons for a sustainable strategy.
Scale And Regulatory Reach Matter
- Subscale DATs will likely consolidate; scale and team drive long-term success in public treasury vehicles.
- Regional regulatory relationships will determine which DATs persist across jurisdictions.