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Mert Mumtaz on Why Internet Capital Markets Are "Finally Actually Happening" on Solana

CoinDesk Podcast Network

CoinDesk

Business News, Tech News, Daily News, News

4.8689 Ratings

🗓️ 13 December 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Privacy, internet capital markets, and quantum commuting threats to crypto with Helius CEO Mert Mumtaz. In a conversation with CoinDesk, Helius CEO Mert Mumtaz breaks down the biggest news from Solana Breakpoint, including new perps exchanges and the influx of institutional capital from firms like J.P. Morgan and Galaxy. He argues that the choice for private transactions is essential for creating internet capital markets, likening financial privacy to voting in a democracy. Plus, he concludes with a warning about the existential threat of quantum computing to both bitcoin and the entire crypto industry. - This episode was hosted by Jennifer Sanasie and Marissa Trew.

Transcript

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0:00.0

People should at least have the choice to be like, look, these are the transactions I'm willing to reveal to the world.

0:05.8

Maybe they're merchant payments for buying a burrito or something.

0:10.1

But for these things, maybe they're large-sized trades or maybe there are certain types of payments or maybe they're votes, right?

0:16.9

Think of a democracy, right? Like you don't broadcast to the world, hey, I'm voting for Biden or Trump.

0:22.6

The results are public once you voted, but the intent that you cast a vote with is private.

0:28.4

Otherwise, you would get bullied, right? Somebody would be like, hey, why are you voting this way?

0:32.0

And it's the same thing with Solana in private transactions.

0:40.4

Our next guest joins us now.

0:42.3

We have MertMMMTAS.

0:43.6

Mertz is the CEO of Helius.

0:45.4

Helius is a core infrastructure provider,

0:47.6

offering API and development tools,

0:49.3

effectively acting as the central nervous system

0:51.3

for many builders on the Solana Network.

0:53.8

Mert, great to see you. Thanks for having me. That was quite the introduction. Well, thanks. It's all about you. So, you know, thanks for being great. Of course. All right. Talk to us about what you've been up to the last two days. You have been, you know, a really core part of the Salana ecosystem for a while. What's

1:11.4

breakpoint been like for you? Excellent. I mean, I'm in the UAE full time, so it's been fun to

1:16.4

not be jet lagged and actually has some energy. I think I'm super impressed with the quality

1:23.1

of announcements, so things like Perp sexes, which Salana has lacked, now are being tackled,

1:29.1

much more institutional capital. So J.P. Morgan just released, or just did a bond transaction

1:34.5

exclusively on Salana with Galaxy. Galaxy itself is releasing a new token liquidity fund,

1:41.4

similar to Black Rock's build. I don't know how to else that. Yeah.

1:46.2

And so Kalshi obviously announced their tokenization of prediction markets. So, you know, there

...

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