Multicoin Capital co-founder Kyle Samani highlighted the growing convergence of traditional finance and blockchain, describing it as part of “a larger trend” driven by shifting markets and maturing legislation.
Samani, whose firm is known for early investments in Solana (SOL) and other blockchain projects, emphasized that the most important development ahead lies in on-chain securities.
Related: Kyle Samani says Solana was the ‘always the answer’ for new crypto treasury venture
“The most important thing from a regulatory perspective for Forward Industries is Project Crypto, because we need to bring securities markets onchain,” Samani told TheStreet Roundtable host Scott Melker.
“Step one is like, let’s get a major U.S. security tokenized and trading on chain. That’s why we’re raising our hands and doing that ourselves.”
Founded in 2017, Multicoin Capital is a Texas-based crypto investment firm recognized for its early investments in Solana and The Graph (GRT). The firm operates both venture and hedge funds that target decentralized protocols, Web3 infrastructure, and blockchain scalability. Most recently, it unveiled Forward Industries — a Solana-native digital asset treasury platform aimed at bridging traditional finance with on-chain markets.
Samani added that the next stage will involve integrating traditional brokers into blockchain-based liquidity networks.
“Going to brokers, sitting at the Robinhoods of the world and telling them: Hey guys, you as a legal requirement have to hook into Solana mainnet for liquidity. Obviously, that’s not the case today. I hope that becomes the case in the next, whatever, 12-24 months,” Samani explained.
He sees the tokenization of equities as a key milestone before pushing regulators for broader adoption.
Related: What is tokenization? Explained
Samani explained that after equities become tokenized and a robust market with sufficient liquidity is established, the company will be better positioned to engage with the U.S. Securities and Exchange Commission (SEC) to advance regulatory progress.
He emphasized that achieving this milestone is not only crucial for Forward Industries but also represents a significant step forward for the broader crypto ecosystem.
Samani also voiced confidence in the progress of the Clarity Act, a legislative effort designed to establish more defined rules for the digital asset market.
“I was in DC earlier this week meeting with members of Congress to that extent, and I feel pretty good about where things are,” Samani said.
While acknowledging that some points of contention remain, Samani said those differences are being ironed out and expressed optimism that lawmakers will finalize and pass the Clarity Act before the year ends.
This story was originally reported by TheStreet on Nov 6, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.