Key insights
- Major payment giants like Visa, PayPal, and Meta are reportedly building on Solana, indicating a significant shift towards blockchain adoption for institutional payments and tokenized assets. This trend suggests potential for increased efficiency and innovation in the financial sector, which could indirectly benefit related technology and financial services companies. While the direct impact on US equities is moderate, it signals a growing integration of digital asset infrastructure into traditional finance.
Kyle Samani, co-founder of Forward, breaks down his latest deal on the main stage at Solana, a minority stake in Henri, a reinsurance RWA yielding 12-13%, funded by a Galaxy debt facility at 3.5%. He makes the case for why Solana has quietly become the dominant chain for institutional payments, tokenized equities, and real world assets. From Western Union and Visa to Meta and PayPal, the biggest names in finance are all building on the same rails. Plus, why he thinks most altcoins are bleeding out, Ethereum L2s are in trouble, and why this bear market might be the best investing opportunity in crypto right now.