In a Consensus Hong Kong 2026 fire chat, Solana Foundation President Lily Liu unpacked her “Internet Capital Markets” vision with moderator Michael Lau, Chairman of Consensus.
Liu argued that blockchain’s true strength lies in finance and markets, not utopian general-purpose technology. Liu envisioned tokenizing all the world’s assets on the chain, enabling seamless access from daily payments to high-frequency trading and creating a single, global marketplace for capital formation.
Liu traced crypto’s capital-raising evolution from early ICOs to rapid modern raises, arguing that this expandable primitive should empower non-crypto projects and companies worldwide. Liu emphasized democratization of talent and capital formation, which is rare in most markets, as crypto’s central societal impact.
Liu highlighted Asia’s central role, calling it crypto’s “core market,” not cross-border, given its Bitcoin origins and huge user/talent base. Liu advocated revenue-focused metrics over governance tokens, insisting that real network and app usage must drive sustainable value addition to holders for long-term sovereignty and opportunity.
