Solana Foundation President Announces Plans for Native On-Chain IPOs
Lily Liu, president of the Solana Foundation, has revealed plans to create an “internet capital market” that will enable native on-chain IPOs in the near future. This move aims to combine traditional financing with blockchain technology, providing broader access to liquidity and bridging the gap between traditional finance and crypto.
Internet Capital Market and On-Chain IPOs
Speaking at the Finternet 2025 Asia Digital Finance Summit on November 4, Liu explained that Solana is pushing forward with the creation of an “internet capital market.” This innovative approach could optimize existing on-chain mechanisms, enabling a transition from traditional price discovery mechanisms to more modern methods. The use of blockchain technology could also make price determination more transparent and enable the application of security regulations such as Know-Your-Customer to the process.
Liu highlighted that the organization plans to conduct native on-chain IPOs in the next few years. On-chain IPOs are a modern approach to a company’s initial public offering, issuing its shares as digital tokens on a blockchain, rather than on exchanges or other intermediaries. This approach could shorten the amount of access needed between one side of the market and the other, making it more efficient and transparent.
Solana’s Growing Role in the Stablecoin Market
Liu also discussed Solana’s growing role in the $307 billion stablecoin market, citing partnerships with institutions such as Franklin Templeton and Western Union. These collaborations aim to expand blockchain’s applications in payments and financial infrastructure. According to data from DeFi Llama, up to $14.25 billion has been deployed on the Solana blockchain, with the majority of stablecoins being USD Coin (USDC), which accounts for 64.96% of the blockchain.
Solana’s collaboration with Western Union to launch the bank’s own stablecoin, called US Dollar Payment Token or USDPT, is a significant development in this space. The token will be issued by Anchorage Digital Bank, with a full launch expected in the first half of 2026. This move demonstrates the increasing interest in stablecoins as a payment option, driven by the changing regulatory landscape.
As Liu noted, “Stablecoins are an economic national security issue that has obviously caught everyone’s attention around the world, putting blockchain infrastructure at the center of all fintech roadmaps, tech investment roadmaps, capital markets and payments roadmaps.” The rise of stablecoins is expected to continue, with Solana playing a significant role in this growing market.
For more information on Solana’s plans for native on-chain IPOs and its growing role in the stablecoin market, visit https://crypto.news/solana-president-native-ipos-may-be-coming-on-chain/
