TechFlow News, January 27: Armani Ferrante, CEO of Backpack, recently told CoinDesk that Solana has spent the past year focusing on building “financial infrastructure.” The network is increasingly positioning itself around high-throughput on-chain transactions, market structure, and settlement—and stands to benefit as more global finance migrates on-chain.
In the interview, Ferrante shared that people are beginning to view blockchain genuinely as a new type of financial infrastructure, and institutional investor interest in cryptocurrency has never been stronger. The long-term outlook for Solana—and blockchain technology more broadly—lies in its role as a neutral settlement layer. Tokens are simply authoritative, widely recognized ledger records of ownership.
Additionally, Ferrante noted that real-world cryptocurrency adoption requires deeper integration with regulatory frameworks, where compliance and legal clarity will serve as prerequisites.
Earlier news: Backpack Wallet announced zero-fee swaps and free bridging services on Solana.
