Solana could play a role in BlackRock’s tokenization strategy, says Anthony Scaramucci

SkyBridge Capital founder and managing partner Anthony Scaramucci believes Solana has positioned itself as one of the strongest contenders for large-scale institutional blockchain adoption. Speaking on CNBC’s Squawk Box on December 3, Scaramucci discussed the rise of Solana, how it fits within a diversified crypto portfolio and why major financial firms may eventually build on it. The SkyBridge Capital founder highlighted that Solana, along with Bitcoin and Avalanche, is emerging as a leader among public blockchains. He argued that the industry has reached a level of maturity in which three or four dominant players will become clear within the next five years. In his view, Solana is well placed to be one of those long-term winners. “I like the whole area because this is taking off, this is mature enough now that there will be 3 or 4 players that will emerge in the next 5 years and I think Solana will be one of those,” Scaramucci said. He added that “five years from now we will look back on Solana as a good entry point.” The American financier also pointed to tokenization as a major driver of future demand. He referenced asset-management giants such as BlackRock as potential users of fast, scalable blockchains like Solana for on-chain issuance and settlement of real world assets. “I am talking about broad scale delivery of tokenization, somebody like a BlackRock. Somebody thinking about tokenizing stocks and bonds or potentially real world assets, I think they will use something like Solana. It is bigger, it is faster, it has way more market share and it is growing faster than the others,” he told CNBC. At the time of writing, Solana continues to trade actively as institutional interest in tokenization increases across the crypto sector. The post Solana could play a role in BlackRock’s tokenization strategy, says Anthony Scaramucci appeared first on Finbold .