Solana Investors May Benefit As Financial Uses Grow, Cantor Says
Companies looking to invest in the cryptocurrency Solana may benefit from increased use of the coin in the financial industry, according to analysts at Cantor Fitzgerald.
While Solana's blockchain has seen its use as a memecoin expand over the past year, it has the potential for more applications as the use of tokenized securities grows in finance, Cantor analyst Thomas Shinske wrote in a note to clients Monday. Though Bitcoin treasury companies like Michael Saylor's Strategy provide investors exposure as a reserve asset, Shinske sees Solana as offering quick, cheap transactions and the ability to use tokens to validate transactions for reward, known as staking.
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