Financial Markets Broken? Solana Executive: “Blockchain is the Solution, Not Universal Basic Income!”

Jakarta, Pintu News – At the Accelerate 2025 conference, one of the Solana Foundation’s key figures, Akshay BD, delivered a sharp take on the current state of the global financial system. He stated that traditional capital markets are no longer profitable for most people.

During the panel session, he mentioned that old investment models such as the 60/40 portfolio are no longer relevant as low bond yields and asset prices are soaring. According to him, it is time to shift to a new economic system that is more inclusive and decentralized.

Akshay highlighted how blockchain technology-especially through platforms like Solana (SOL)-can be the answer to building a system of ownership accessible to everyone, not just the elite.

Old System Fails to Provide Fair Access

Reporting from Crypto Times, Akshay strongly criticized the current financial market model which he said only benefits certain groups.

He said that the gap between people who work for money and those who build wealth continues to widen. The root of the problem, Akshay said, is the general public’s difficult access to the private market, which is usually only open to wealthy and accredited investors.

Most retail investors, he said, can only enter the already saturated and highly volatile public market. This causes them to take huge risks without the same potential returns as those who can access opportunities in the private sector.

The traditional asset allocation model has failed to meet the times’ challenges, especially amid massive technological disruption.

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Blockchain and Tokenization Change the Way Assets Are Owned

Akshay’s solution is the concept of “universal basic ownership”, which is basic asset ownership for everyone. Using blockchain technology and tokenization, Akshay envisions a future where anyone can own a piece of a real-world business-from a local café to a renewable energy startup-just with a smartphone.

Using QR codes and simple apps, ownership can be turned into something easy and inclusive. Instead of relying on government handouts like universal basic income, Akshay proposes a system where people can build their wealth from real economic participation. He says this is a more sustainable and dignified form of economic development.

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The Choice is Clear: Mass Ownership or Aid Dependency?

Akshay compared universal basic income-a social welfare-based approach-to universal basic ownership, which focuses on the distribution of ownership. He asks, do we want to create a society dependent on aid, or one with direct access to asset ownership and economic development?

In his view, blockchain and cryptocurrencies can be a tool to create equitable distribution of ownership that has only been enjoyed by a few. He also emphasized that inequality will deepen if the growth of technologies like AI continues without a solution to the wealth gap. Therefore, he believes ownership is a long-term solution that makes more sense than just income redistribution.

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Reference:

• Crypto Times. Blockchain Can Fix Broken Markets, Says Solana Executive. Accessed May 26, 2025
• Featured Image: DL News