A major institutional player recently made waves by tokenizing their Nasdaq-listed shares directly on Solana, marking a significant shift in how public companies can raise capital. Ditching the traditional investment banking route altogether, they pulled in $1.15 billion through a capital partner after the token offering hit $36 per share—a move that completely bypasses the conventional gatekeepers.

Here's where it gets interesting: your typical Wall Street underwriter? They're pocketing 3-7% of the deal size just for showing up. This latest approach? Less than 1% in fees. That efficiency gap tells you something about how blockchain infrastructure is reshaping the entire fundraising playbook. When the cost savings are this dramatic, it's hard to ignore what's happening onchain.