Anthony Scaramucci likes this blockchain investment

SkyBridge Capital founder Anthony Scaramucci told CNBC that Solana is emerging as a leading blockchain “rail system” for tokenized assets, arguing the network’s speed and low transaction costs position it alongside Bitcoin and Ethereum as a core holding in a diversified crypto portfolio.

Scaramucci, who has written a new book on the subject, said investors should think of layer-one blockchains much like early cloud providers: multiple platforms can coexist, each supporting smart contracts and tokenized securities, with several ultimately becoming industry standards.

Solana, he argued, offers “very cheap, incredibly fast” settlement, measured in milliseconds, with both proof-of-stake and proof-of-history providing efficient finality.

He compared today’s market to the Netscape-to-Google era of early internet adoption.

“We’re very early,” he said, adding that large-scale tokenization of financial assets is increasingly likely within four to five years. Scaramucci expects Solana, Ethereum, Avalanche and others to compete as firms like BlackRock explore blockchain rails for tokenized stocks, bonds and real-world assets.

He also emphasized that regulatory direction remains critical. While he sees the current U.S. administration as broadly supportive of digital assets, he cautioned that the “regulatory pendulum” remains a key risk, urging a bipartisan, technology-neutral framework rather than shifting political approaches.

Scaramucci said Solana’s developer-friendly architecture, built from existing computer-science tools rather than experimental designs, has accelerated adoption and positioned it as one of SkyBridge’s largest crypto holdings.

Despite volatility and multi-year periods of underperformance across major cryptocurrencies, he argued that strong foundational platforms tend to recover and compound as adoption scales, comparing the pattern to Amazon’s drawdowns in the early 2000s.

He expects three or four dominant blockchains to emerge as tokenization takes hold, with Solana as “one of the big winners” given its speed, cost advantages and growing market share.

-30-