During a fireside chat at Consensus Hong Kong 2026, Solana Foundation President Lily Liu presented her vision for “Internet Capital Markets” with moderator Michael Lau, President of Consensus.
Liu asserted that the real strength of blockchains lies in finance and markets, not a 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 crypto capital raising from early ICOs to rapid modern raises, saying this scalable primitive should empower non-crypto projects and businesses around the world. Liu highlighted that democratization of talent and capital formation, which is rare in most markets, is the main societal impact of crypto.
Highlighting Asia’s central role, Liu called it crypto’s “core market,” not the frontier, given its Bitcoin origins and vast user/talent base. Liu championed measures focused on revenue rather than governance tokens, insisting that actual use of the network and applications must generate sustainable value for holders for long-term sovereignty and opportunity.
