In a fireside chat at Consensus Hong Kong 2026, Solana Foundation Chairman Lily Liu and Consensus Chairman Michael Lau jointly elaborated on her vision for the “Internet Capital Market”.
Liu asserted that the real advantages of blockchain lie in finance and markets, rather than as a utopian general-purpose technology. Liu envisions tokenizing all assets in the world, enabling seamless access from daily payments to high-frequency trading, and creating a unified global capital formation market.
Liu traced the evolution of cryptocurrencies from early ICOs to modern rapid financing, arguing that this scalable primitive should power non-crypto projects and companies around the world. Liu emphasized that the democratization of talent and capital formation is a core social impact of cryptocurrencies, which is rare in most markets.
Given Asia’s Bitcoin origins and large user/talent base, Liu emphasized Asia’s key role, calling it a “core market” for cryptocurrencies rather than a frontier market. Liu champions revenue-focused metrics over governance tokens, insisting that true network and application usage must result in sustainable value accumulation for holders to gain long-term sovereignty and opportunity.