Bitwise’s Matt Hougan Says Solana Could Become Wall Street’s Choice for Stablecoins and Tokenization Despite Ethereum’s Dominance

Solana is emerging as Wall Street’s preferred blockchain for stablecoins and tokenization because its high throughput, sub-millisecond finality and faster settlement make it more attractive for institutional trading and ETF operations compared with ￰0￱ and finality: Sub-millisecond settlement makes Solana appealing to institutional ￰1￱ supply on Solana is growing but remains far smaller than Ethereum’s on-chain stablecoin ￰2￱ has launched a physical Solana ETP and awaits SEC decision on a spot Solana ETF (decision due Oct. 16, 2025). Solana Wall Street: Solana’s speed and finality make it a top choice for stablecoins and tokenization—read Bitwise’s take and ETF ￰3￱ more. , Bitwise’s Matt Hougan said Solana’s speed and finality make it Wall Street’s top choice for stablecoins and tokenization despite Ethereum’s dominance.

Summary: Chief Investment Officer Matt Hougan of Bitwise told Solana Labs that institutional investors favor blockchains with rapid finality and high ￰4￱ said Solana’s settlement speed improvements and low-latency confirmations make it particularly suited for stablecoin issuance and real-world-asset ￰5￱ on Oct. 2 with Solana Labs’ Akshay Rajan, Hougan emphasized that Wall Street audiences find Bitcoin’s role in institutional portfolios “hard to get their heads around,” while stablecoins and tokenized assets present clear, actionable opportunities.) is only one ￰6￱ strategists recommend the EVM ecosystem for issuing new stablecoins due to tooling and interoperability, while others stress Solana’s performance and evolving custody solutions as differentiators for institutional use ￰7￱ is Bitwise’s current exposure to Solana?

Bitwise offers the Bitwise Physical Solana ETP, a fully backed product that provides institutional-grade custody for SOL ￰8￱ ETP has attracted modest assets relative to BTC and ETH products, with roughly $30 million in assets under management at the most recent ￰9￱ will regulators decide on a spot Solana ETF? The SEC’s decision on Bitwise’s spot Solana ETF is scheduled for Oct. 16, ￰10￱ would create a new regulated vehicle for institutional and retail investors to access SOL under a familiar fund ￰11￱ Asked Questions Can Solana replace Ethereum for stablecoins? Solana offers performance advantages that appeal to certain institutional workflows, but Ethereum currently leads in on-chain stablecoin volume and developer ￰12￱ will depend on liquidity, regulatory clarity and custody ￰13￱ Solana suitable for tokenizing real-world assets?

Yes — tokenization use cases require speed, throughput and secure custody. Solana’s performance profile aligns with these needs, while issuers must also consider legal frameworks and ￰14￱ Takeaways Performance matters : Solana’s low-latency finality aligns with institutional trading ￰15￱ share gap : Ethereum currently dominates stablecoin on-chain value, though Solana’s share is ￰16￱ watch : Bitwise’s spot Solana ETF decision (Oct. 16, 2025) could materially affect institutional access to ￰17￱ Solana’s technical strengths—speed, throughput and rapid finality—are driving renewed institutional interest in stablecoins and tokenized assets. Bitwise’s public endorsements and product launches underscore that trend, while Ethereum remains the dominant settlement layer ￰18￱ participants will watch custody infrastructure, liquidity and the pending SEC decision to gauge whether Solana can capture meaningful institutional share.