In a fireside chat at Consensus Hong Kong 2026, Solana Foundation President Lily Liu explained her vision for “Internet Capital Markets” with moderator Michael Lau, President of Consensus.
Liu stated that the true strength of blockchains lies in finance and markets, not general-purpose utopian technology. Liu envisioned tokenizing all global assets on-chain, enabling seamless access from daily payments to high-frequency trading and creating a unified global market for capital formation.
Liu traced the evolution of cryptocurrency capital raising from early ICOs to modern rapid rises, arguing that this extensible primitive should power non-crypto projects and companies around the world. Liu highlighted the democratization of talent and capital formation, something uncommon in most markets, as the main social impact of cryptocurrencies.
Highlighting Asia’s pivotal role, Liu called it the “core market” of cryptocurrencies, not the frontier, given its Bitcoin origins and broad user/talent base. Liu advocated for revenue-focused metrics over governance tokens, insisting that actual network and application usage should drive sustainable value accumulation for long-term sovereignty and opportunity holders.
