Multicoin Co-founder: Solana's Wall Street Collaboration Shifts Regulated Finance On-Chain, Something Ethereum Can't Replicate
On September 19th, BlockBeats reporter reported from the scene that Kyle Samani, Co-founder and Managing Partner of Multicoin Capital, spoke during a roundtable discussion titled "Why SOL Will Flip ETH" at the main venue of TOKEN2049. He said:
“I want to talk about the future and the unique advantages I see in Solana, advantages that are almost impossible for the Ethereum community to replicate, which is why we are so excited about the future. The first is tokenization, which went live on Solana mainnet earlier this year, providing the functionality that many Wall Street companies, payment companies, or major asset issuers worldwide need. There are also a ton of other features within the framework of this idea.
All of these features were developed based on direct feedback from Wall Street payment companies over the past few years. Today it's all live on mainnet, completely free, and completely open. Only when these features, along with all the related content, are natively built and ready on Solana can regulated finance emerge on-chain at scale. We believe this is very important, and we believe it is virtually impossible to replicate in the Ethereum ecosystem.”