Solana

Bitcoin

Foundation

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-etfs-and-blockchain-growth-from-solana-foundation-executive/" data-wpel-link="internal">Insights on ETFs and Blockchain Growth from Solana Foundation Executive</a> 
The approval of spot <a href="https://en.coin-turk.com/why-isnt-bitcoin-price-rising-despite-etf-approvals/" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs) has been a historic turning point for the sector. However, according to Sheraz Shere from the Solana Foundation, this step is merely a stepping stone towards integrating blockchain-based systems with traditional finance. Shere, who is the Payments Director at the Solana Foundation, argued that ETFs are significant in terms of opening up the crypto asset space to a broader audience. 
<h2 class="p1" style="text-align: justify" id="prominent-executive-analyzes-etfs-and-blockchain">Prominent Executive Analyzes ETFs and Blockchain</h2> 
According to Sheraz Shere, this step includes institutional and individual investors alike. Moreover, Shere believes that it presents an opportunity to introduce new use cases to traditional finance. Shere made the following statement on the subject: 
<blockquote> 
 “The real opportunity is to bring more efficiency to these old financial systems and enable previously unthinkable use cases, such as markets for all imaginable tokenized assets.” 
</blockquote> 
Although Shere believes that this integration may take some time, he is confident that more regulatory clarity worldwide will eventually lead to more traditional institutions getting involved in the blockchain space. 
In addition, the executive added that the increased participation of businesses in the blockchain space would also increase the number of users exposed to the <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a>. This development will lead to more developers and founders working on blockchain, thus continuing a cycle of growth. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-309002" src="https://coin-turk.com/wp-content/uploads/2024/01/solana.png" alt="" width="500" height="607"> 
<h2 class="p1" style="text-align: justify" id="a-noteworthy-move-from-solana">A Noteworthy Move from Solana</h2> 
On January 24, the Solana Foundation announced a feature called “token extensions,” aimed at supporting developers, businesses, and financial institutions that wish to integrate their operations into the ecosystem. According to Shere, the recently launched feature was designed to address the concerns of corporate-level businesses. The executive mentioned that it naturally includes compatibility solutions that allow developers to navigate a constantly changing regulatory environment: 
<blockquote> 
 “Many of the reasons that drive a regulated institution to use a private network are now mitigated by token extensions because compliance has been incorporated into the token standard.” 
</blockquote> 
The executive shared that this function allows asset issuers to prevent sanctioned wallets from touching their assets and to comply with regulators when given the authority to freeze and seize assets. Shere also stated that this feature could potentially enable asset issuers to uncover the privacy of suspicious transactions. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-etfs-and-blockchain-growth-from-solana-foundation-executive/" data-wpel-link="internal">Insights on ETFs and Blockchain Growth from Solana Foundation Executive</a></h5>

Insights on ETFs and Blockchain Growth from Solana Foundation Executive

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