SOL news: Solana’s new phase is ‘much more about finance’ says Backpack CEO Ferrante

Armani Ferrante, CEO of the crypto exchange Backpack, asserts that the Solana ecosystem is entering a mature phase focused heavily on financial infrastructure, moving away from the previous emphasis on NFTs, games, and memecoins. Ferrante views this shift toward decentralized finance, trading, and settlement as a sign of maturity, positioning Solana as a high-throughput onchain trading layer, or "internet capital markets." He notes that while crypto prices are subdued, institutional interest from Wall Street is strong, driven by momentum in tokenization and stablecoins. Ferrante argues that the long-term value of blockchains lies in serving as neutral settlement layers for tokenized real-world assets. Crucially, he emphasizes that achieving real-world adoption requires deeper integration with regulatory frameworks, suggesting that compliance is now a prerequisite for growth.

(Source：CoinDesk)