Anthony Scaramucci Backs Solana in the ‘Tokenization Race’

Solana, rather than Ethereum, will emerge as the winner in the ‘tokenization race,’ according to Anthony Scaramucci, founder of SkyBridge Capital and former member of the presidential administration, speaking on CNBC.

“If [CEO of BlackRock] Larry Fink is right, and we end up tokenizing stocks and bonds, Solana will be the more obvious choice,” commented the businessman.

Scaramucci justified his opinion with Solana’s low fees and fast transactions. 

He acknowledged that his company holds the network’s native coin “in small amounts.”

According to RWA.xyz, the current market capitalization of tokenized assets, excluding stablecoins, has risen to $17.2 billion. At the end of 2024, the figure was $14.8 billion.

Since January, the total value of “stablecoins” in Solana has surged by 147.9% — from $5.11 billion to $12.67 billion.

Back in November, Bitfinex Securities COO Jesse Knutson outlined the conditions for the development of the RWA market.

In February, VanEck predicted Solana could rise to $520 by the end of 2025.