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Solana co-founder challenges public firms opposing on-chain stock trading, urging them to go private.

28 Oct 2026, 20:55 WIB
Crypto Briefing
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Solana co-founder challenges public firms opposing on-chain stock trading, urging them to go private.

Solana co-founder Anatoly Yakovenko responded to objections from over 30 major companies, including Goldman Sachs and Microsoft, against trading tokenized versions of their shares on blockchain. The SEC's five-year trial framework allows public companies a 30-day window to object to on-chain listings, which many have used. Despite resistance, tokenized stock trading volume is rapidly growing, highlighting a clash between traditional corporate control and emerging decentralized finance. Yakovenko argues that public companies should accept all trading forms or consider going private, emphasizing blockchain benefits like composability and network effects. The outcome of this trial period could shape future regulations and market dynamics for tokenized equities.

As of Oct 29, 2026 01:01 WIB, SOL (Solana) trades at Rp1.847.309 on Pluang, showing a 1.25% increase over the past day. Its market cap stands at Rp1.082,91 trillion with a 24-hour trading volume of Rp35,84 trillion. The platform data indicates a strong buy interest with 64% of orders favoring buying and a typical hold time of 72 days, contrasting with the resistance from traditional firms against tokenized stock trading.

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