Multicoin Capital's Kyle Samani asks BlackRock and Fidelity to choose Solana

Core Viewpoint - A significant conflict is emerging between traditional finance (TradFi) and decentralized finance (DeFi), with Multicoin Capital's co-founder Kyle Samani criticizing TradFi's attempts to maintain control over financial markets as blockchain finance evolves [1][2]. Group 1: Traditional Finance vs. Decentralized Finance - Samani strongly opposes the MSCI's consideration to exclude companies with over 50% of their treasury in digital assets from its indices, viewing it as an effort by TradFi "boomers" to gatekeep finance [2][3]. - The argument from MSCI that firms primarily holding crypto lack real operating businesses is challenged by Samani, who cites Michael Saylor's company, MicroStrategy (MSTR), as an example of a successful crypto treasury firm [3][4]. Group 2: Forward Industries and Investment Strategy - Forward Industries received a $1.65 billion private investment in public equity (PIPE) from Multicoin Capital, Galaxy Digital, and Jump Crypto to create a Solana-focused digital asset treasury [4]. - Samani emphasizes that Forward Industries' strategy will extend beyond merely holding Solana (SOL), aiming to become a diversified holding company with various cash flow-producing businesses relevant to the crypto sector [5].