Scaramucci Backs Solana to Disrupt Finance with On-Chain IPOs

• Solana may become the default blockchain for tokenized financial assets.
• On-chain IPOs offer low-cost access to global capital markets.

At the Solana Accelerate 2025 conference, financier Anthony Scaramucci outlined his vision of Solana as a key player in reshaping global finance. He revealed that he is authoring a book titled Solana Rising, set for release in September. 

The book aims to explore Solana’s applications and potential as a leading platform for tokenizing financial assets. Scaramucci emphasized Solana’s speed, cost-efficiency, and scalability as factors that could cut billions in transaction verification costs. 

He also highlighted institutional adoption trends and the promise of on-chain finance evolving to include yield-generating mechanisms.

Tackling the $7 Trillion Cost of Transaction Verification

Scaramucci pointed to an estimated $7 trillion spent annually worldwide on transaction verification processes. He argued that these costs remain a significant inefficiency in traditional finance.

According to Scaramucci, Solana’s blockchain infrastructure offers a fast, low-cost solution capable of slashing these expenses. He described Solana as “the operating layer for real-world assets,” akin to Bitcoin’s role for money.

His research involved interviews with Solana co-founders Anatoly Yakovenko, Raj Gokal, and Wall Street CTOs. 

Scaramucci believes that Solana’s capacity for handling high throughput makes it ideal as a financial rail for tokenizing assets like stocks and bonds. This approach could significantly change how assets are managed and transferred globally.

On-Chain IPOs and Institutional Adoption

A key highlight from Scaramucci’s remarks was the potential for on-chain IPOs to broaden financial access. He explained that, unlike traditional IPOs, which require bank accounts and incur fees of up to 7%, on-chain IPOs could allow anyone with a digital wallet to participate. This would drastically lower costs and open capital markets to millions without access to banking services.

Scaramucci also discussed the inevitability of institutional involvement despite current regulatory challenges. He cited JPMorgan CEO Jamie Dimon’s cautious stance but predicted that major financial institutions will eventually offer custody and yield-bearing products involving Solana and other Layer-1 tokens. 

“Solana will be part of a financial system where you not only stake but also lend your assets, earning yield like in traditional finance,” he noted.

Scaramucci founded SkyBridge Capital, which is actively developing strategies aligned with this vision. His upcoming book, Solana Rising, aims to clarify blockchain’s financial use cases and encourage wider institutional and regulatory acceptance of on-chain finance.

Final take

Scaramucci’s insights at Solana Accelerate 2025 indicate a strong belief that Solana is preparing to serve as a backbone for modern finance. Solana could drive a significant shift in how capital markets operate by addressing transaction verification inefficiencies and enabling new asset tokenization forms.

Institutional adoption may follow as regulatory landscapes evolve and the benefits of blockchain become clearer. The conference underscored that Solana is positioned as another blockchain and a foundation for the next generation of financial infrastructure.