Bitwise CIO: Solana Could Be Wall Street’s Blockchain

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Matt Hougan, Chief Investment Officer at crypto asset manager Bitwise, believes Solana (SOL) is poised to become “the new Wall Street” for stablecoins and real-world asset (RWA) tokenization.

Speaking with Solana Labs’ Akshay Rajan on Oct. 2, Hougan said Wall Street sees Bitcoin as “hard to get their heads around,” but views stablecoins and tokenized assets as “enormously significant.”

“Stablecoins will reinvent payments, and tokenization will reinvent stock, bond, commodity, and real estate markets,” he said, adding that Solana’s speed and finality make it especially attractive to institutional players.

Solana has improved its settlement time from 400 microseconds to 150 microseconds, an important metric for high-speed trading environments, Hougan noted.

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That’s a bold statement, but Solana’s speed and low fees do make it appealing for institutional use.

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If Wall Street truly embraces Solana, it could redefine how traditional finance integrates blockchain tech.