Solana, not Ethereum, will emerge as the winner of the “tokenization race.” SkyBridge Capital founder and former White House official Anthony Scaramucci shared this view on CNBC.
“If [BlackRock CEO] Larry Fink is right, and we eventually tokenize stocks and bonds, Solana will be the more obvious choice,” the businessman commented.
Scaramucci justified his opinion by citing Solana’s low fees and fast transactions.
He acknowledged that his company holds the network’s native token “in small amounts.”
According to RWA.xyz, the current market capitalization of tokenized assets, excluding stablecoins, has grown to $17.2 billion, up from $14.8 billion at the end of 2024.
Since January, the total value of stablecoins on Solana has surged by 147.9%, rising from $5.11 billion to $12.67 billion.
As a reminder, in November, Bitfinex Securities COO Jesse Knutson outlined the conditions needed for the RWA market to grow.
In February, VanEck predicted that Solana could reach $520 by the end of 2025.
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