Tokenized cover image

Tokenized

The Institutionalization of Solana

Oct 21, 2024
In this discussion, Guillaume Chatain, Chief Revenue Officer at Société Générale - FORGE, shares insights on tokenizing securities and the potential of stablecoins. Nick DeCoff, Head of Institutional Growth at The Solana Foundation, highlights Solana's dramatic growth in institutional adoption and its role in reshaping finance. They explore the shift towards public blockchains, the rise of instant transactions, and the future of stablecoins as key players in B2B payments. Expect fascinating insights into the intersection of traditional finance and innovative blockchain technology!
50:56

Podcast summary created with Snipd AI

Quick takeaways

  • The institutional interest in Solana has surged, with significant investments and a drastic increase in total value locked from $300 million to $7 billion.
  • Solana's technological superiority, characterized by high throughput and low transaction costs, is attracting major financial institutions like Visa and Société Générale to shift their strategies.

Deep dives

The Rise of Solana Among Institutions

The institutional interest in Solana has significantly increased, evidenced by the entry of major financial players and increased volume on the blockchain. Recent investments include Libra Capital's launch of alternative asset funds on Solana and Citibank's research into the blockchain technology. The growth in total value locked (TVL) from approximately $300 million to about $7 billion highlights the surge in confidence among institutions. This considerable increase in economic activity on Solana serves to attract further institutional engagement.

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