The "Internet Capital Markets (ICM)" concept, championed by Solana Foundation Chairman Lily Liu, gained traction on Solana following the success of Believe. Among ICM-aligned projects, Collaterize—a real-world asset (RWA) platform—recently saw its token市值 peak at $90 million before stabilizing at $54 million. After months of consolidation around $9 million since its January launch, the token surged dramatically on May 18 when Solana co-creator Toly shared Collaterize’s App Demo video. This resurgence also spotlighted the project’s founders: two ex-Microsoft employees.
What Is Internet Capital Market (ICM)?
Originally, Solana envisioned an "on-chain NASDAQ." However, as traditional finance explores blockchain integration, the focus shifted toward the more crypto-native ICM model. Unlike traditional capital markets (TCMs), ICM enables entrepreneurs to:
- Raise funds directly from online communities via tokenization.
- Bypass conventional VC funding and IPO processes.
- Facilitate project issuance and investments seamlessly on platforms like X (formerly Twitter).
Projects like Believe App exemplify this paradigm, streamlining decentralized fundraising. Lily Liu emphasizes that ICM aims to:
"Build a global financial infrastructure, empowering 5.5 billion internet users to access capital markets without barriers."
Solana’s development efforts now prioritize ICM as core infrastructure for decentralized finance.
Key Factors Behind Collaterize’s Growth
- Strategic Narrative Alignment: Capitalizing on ICM’s rising popularity post-Believe’s success.
- Influential Endorsement: Toly’s demo retweet catalyzed investor interest.
- RWA Innovation: Differentiated itself among Solana’s ICM projects with tangible asset tokenization.
FAQ Section
Why did Collaterize’s token price spike in May?
The surge followed Toly’s public demo endorsement, highlighting its ICM-compatible RWA solutions.
How does ICM differ from traditional markets?
ICM removes intermediaries (e.g., banks, VCs) through blockchain-based tokenized fundraising.
What role does Solana play in ICM development?
Solana provides high-speed, low-cost infrastructure critical for scalable ICM applications.
👉 Discover how Collaterize leverages ICM for RWA tokenization