Bitwise CIO: Solana is becoming the "new Wall Street"
Date: 2025-10-06 Author: Henry Casey Categories: CRYPTO PAYMENTS
Bitwise Asset Management CIO Matt Hougan considers the Solana blockchain a key player in the future of finance, calling it the "new Wall Street." He believes the network's technological advantages create favorable conditions for large-scale investments and the development of tokenized assets.
Hougan noted that the idea of Solana as a platform for financial innovation is resonating strongly with investors, and significant capital investment in the ecosystem is expected. In a conversation with Solana Labs representative Akshay Rajan, he emphasized the growing role of stablecoins and asset tokenization in the transformation of the global financial system.
Using the example of Forward Industries, the largest corporate owner of SOL, which plans to tokenize its shares on the Solana blockchain, Hougan demonstrated the practical application of these technologies. Furthermore, Kazakhstan recently launched its national stablecoin, Evo (KZTE), based on Solana with support from Mastercard, further confirming the network's relevance to institutional players.
The investment director added that global financial leaders, including the SEC, the Bank of England, and the CEO of BlackRock, have publicly recognized the potential of digital assets to transform the securities and payments markets. As a result, investors are increasingly considering which blockchain network to invest in, and Solana's speed, throughput, and transaction finality make it particularly attractive.
Hougan clarified that transaction processing time has been reduced from 400 to 150 milliseconds, making the network intuitive for market professionals, where every millisecond matters. In May, Solana introduced a new consensus protocol, Alpenglow, which accelerates block finality, further strengthening its position.
Furthermore, the US is expected to potentially approve several Solana ETFs with staking by mid-October. Analysts believe this will be a significant driver of institutional demand for SOL and will strengthen Solana's status as a platform for tokenized financial instruments.
Thus, the combination of technological efficiency, support from major players, and growing interest in digital assets creates unique conditions for Solana to strengthen its role in the global financial market.
