The investment director of the BitWise Cryptocurrency Management Company, Matt Hougan, believes that Solana will be the Wall Street network for Stablecouins and the real tokenization of assets.
“I think Solana is a new Wall Street” he said Hougan, talking to Akshay Rajan Solana Labs on October 2. He added that the audience from Wall Street considers Bitcoin (BTC) “very ephemeral” and “hard to find heads”.
They see what is happening in Stablecoin and tokenization space, and they know that it will be “extremely significant,” he said before adding: “Really important people say that Stablecoins again again with payment of payment, and toxhenization again to markets, bond, goods and real estate markets.”
When they look at investing, the answer is in the blockchain space, and when they evaluate the blockchain space, “speed, bandwidth, and the solar last resort makes it seem extremely attractive.”
Hougan quoted improvements from 400 microseconds to 150 microseconds of settlement, saying that it makes sense for them because they like to trade so much.
Ethereum is still a king
Stablecoin provides Solana, increased to $ 13.9 billion, which, giving him a share in the Stablecoin toketenization market at 4.7%, According to to rwa.xz.
It is still a minnow compared to the Ethereum (ETH) industry leader, which has $ 172.5 billion in Stablecoin values on the market and commanding market share 59%. This increases to 65%when the Ethereum layers such as Arbitrum, Base and Polygon are included.
Strategic Director of Offchain Labs, AJ Warner, compared The total value of Solana and Ethereum blocked on Saturday, stating: “TVL is definitely not everything, but I don’t think you can doubt where the best place is to introduce new Stablecouins. Build in EVM.”
BitWise Substantial on Solana
It is not for the first time that bitter directors raised Solana (SOL). Talking to Cointelegraph on the token2049 in Singapore last week, Hunter Horsley, general director of Bitwa, said that Solana could gain an advantage over Ethereum on the market of the rotary fund (ETF), citing his project for investors.
He said that the period of spreading is much faster than Ethereum, which is significant because “ETF must be able to return resources in a very short time. This is a huge challenge.”
Related: Can Solana Rival Wall Street? Kyle Samani thinks so
BitWise Solana ETF decision soon
The company offers a fund called BitWise Physical Solana, ETP, which provides investors with exposure to SOL through a fully supported, physical structure with institutional care. Interest was silenced compared to ETF based on BTC or Ether, with just $ 30 million in managed assets, According to To BitWise.
The company also takes place Solana ETF waiting in the queue of SEC approval with the final decision due on October 16.
Sol prices dropped by 2% on $ 227 at the time of writing. Assets fell by more than 22% compared to the highest level of January 2025.
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