Solana Gains Wall Street's Attention for Stablecoins

Crypto News Blockchain

Solana Gains Wall Street's Attention for Stablecoins, Says Bitwise CIO

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 06, 2025

Key Takeaways

Solana is emerging as a strong option for financial firms exploring stablecoins and tokenized assets, says Bitwise CIO Matt Hougan;
Hougan highlights that Solana’s high-speed performance appeals to Wall Street’s need for reliable transaction processing;
Though it holds just 4.7% of the stablecoin market, Solana’s growth signals rising interest from institutional investors.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Solana Gains Wall Street's Attention for Stablecoins, Says Bitwise CIO

BITDEGREE IN YOUR SOCIAL FEED

Solana SOL $121.49 may be the go-to platform for financial institutions exploring stablecoins and tokenized assets, according to Matt Hougan, Chief Investment Officer at Bitwise.

In a recent discussion with Akshay BD from the Solana Foundation, Hougan noted that Wall Street professionals are showing increasing interest in stablecoins and digital asset tokenization.

He explained that these industries are becoming too crucial for major players to ignore.

How Do KYC & AML Work in Crypto? (Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

According to him, while Bitcoin BTC $86,939.12 is often viewed as abstract or difficult for traditional investors to fully understand, the practical applications of stablecoins and tokenized real-world assets are more relatable.

Hougan explained that innovations in blockchain performance have made Solana particularly appealing to financial firms.

One example he highlighted was the reduction in transaction settlement time, from about 400 microseconds to 150 microseconds. He said this level of speed matches the expectations of professional traders who are used to operating in high-frequency environments.

Solana’s processing speed, reliability, and ability to finalize transactions quickly make it a strong candidate in the eyes of many institutions.

Currently, Solana supports around $13.9 billion worth of stablecoins, which accounts for approximately 4.7% of the total market share, based on data from RWA.xyz.

Moonbirds, the non-fungible token (NFT) collection, recently announced the upcoming launch of its own token, BIRB, on the Solana blockchain. What prompted this decision? Read the full story.