# SRI Says Onchain Shift Could Mean $20.3 Billion in User Savings or Rival Revenue

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54890
Published: 2026-11-12T03:57:37.000Z
Updated: 2026-11-12T03:57:37.000Z
Section: Business

> Without regulatory protection for incumbents, SRI’s scenario leaves them with about $11.2 billion of the sector’s estimated $31.5 billion in annual revenue.

A Solana Research Institute scenario says that, without regulatory protection for incumbents, a shift to public blockchains could turn $20.3 billion of financial infrastructure revenue into lower user costs or revenue for new competitors.

Solana Research Institute (SRI) estimates that the financial market infrastructure sector generates about $31.5 billion in annual revenue. Under its scenario, incumbent providers would retain about $11.2 billion. The remaining $20.3 billion could show up as lower costs for users or as revenue for new competitors.

The figures describe a scenario, not a prediction of whether or when finance will move to public blockchains. Angus Scott, author of the report, wrote, “We are not making a forecast and certainly are not predicting a timeline.”

Financial market infrastructures, or FMIs, support transactions through payment systems, clearinghouses and settlement systems. SRI’s analysis considers public blockchains taking on functions traditionally handled by FMIs, including asset issuance, settlement and custody.

The report also identifies factors that could continue to support incumbent providers or new services: legal frameworks, risk management and network effects. It discusses direct-access clearing and settlement assets for wholesale cross-border payments as another possible use.

SRI is a member-led institute focused on institutional participation in blockchain-based finance. Its members are drawn from the Solana ecosystem and help shape its research agenda.