Decentralized Protocols
Search documents
Kyle Samani says Solana was the 'always the answer' for new crypto treasury venture
Yahoo Financeยท 2025-10-07 21:36
Core Insights - Multicoin Capital's decision to launch a Solana-based treasury company, Forward Industries, was driven by strong conviction in Solana and influenced by a key speech from SEC Chairman Paul Atkins [1][2][4][6] - The firm has been a long-term investor in Solana since its inception and continues to double down on its commitment to the Solana ecosystem [2][3] - Forward Industries aims to integrate traditional finance with blockchain technology, reflecting Multicoin's vision for the future of on-chain finance [3][6] Company Overview - Multicoin Capital, founded in 2017, is a Texas-based crypto investment firm known for its early investments in Solana (SOL) and The Graph (GRT) [3] - The firm manages venture and hedge funds that focus on decentralized protocols, Web3 infrastructure, and blockchain scalability [3] Strategic Insights - The launch of Forward Industries is seen not only as a profitable venture but also as a means to shape the future of cryptocurrency and benefit the Solana ecosystem [6] - Samani highlighted the differences between Solana's treasury strategy and MicroStrategy's Bitcoin-heavy approach, emphasizing Solana's yield generation capabilities [7]