Chairman of Summer Ventures Joseph Chee: Solana is the best choice to connect Wall Street and the crypto world

The Crypto Capital Markets themed forum "RootData SG Summit," hosted by ChainCatcher and RootData during TOKEN2049 in Singapore, featured a keynote speech by Joseph Chee, Chairman of Summer Ventures, titled "Solana: Dominating the Internet Capital Markets."

Joseph emphasized three major trends in institutional entry: First, DAT (Digital Asset Trust) will become the primary channel for Wall Street funds flowing into cryptocurrencies, but currently, only a few hundred institutions are involved globally, compared to tens of thousands of funds, indicating significant growth potential.

Second, Solana is becoming the preferred choice for institutions due to its advantages in speed, cost, and revenue performance, with ETF approvals on the horizon bringing key catalysts. Third, compared to Bitcoin and Ethereum, which already have substantial institutional holdings, Solana's institutional adoption has just begun, making it an optimal investment opportunity.

Joseph drew a parallel to the early 2000s investment boom in China: "At that time, investors first focused on companies with clear fundamentals like PetroChina and China Mobile. Now Wall Street is looking at cryptocurrencies in the same way; they need assets with clear fundamentals." Additionally, in his recently completed Solana DAT financing, the management team and Pantera, as sponsors, invested a significant amount of their own funds, demonstrating confidence in the long-term trend. Joseph predicts, "Within three to five years, all major financial institutions will be involved; no one will miss this wave."