
Lightspeed The Internet Capital Markets Roadmap | Lucas Bruder, Max Resnick & Austin Federa
Aug 5, 2025
Max Resnick is leading initiatives at Anza, focusing on Solana's strategy for internet capital markets, while Austin Federa, formerly of Solana Labs, is building innovative projects at DoubleZero. They discuss Solana's ambitious roadmap to democratize finance and enhance app development. The conversation highlights market microstructure, the advantages of asynchronous execution, and the competition with Ethereum. They also explore the potential for blockchain-based IPOs and the increasing importance of validator performance in optimizing the Solana ecosystem.
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Definition of Internet Capital Markets
- Internet Capital Markets seeks to build the most accessible and liquid markets on chain.
- This vision enables anyone with internet access to engage deeply with global financial markets.
Short-Term Enablement of ACE
- BAM and Anza enhancements will enable application controlled execution (ACE) for Solana apps soon.
- ACE gives apps more control over transaction sequencing, improving transparency and determinism.
From Validator Dictators to Market Rules
- Traditional blockchain validators act like dictators in block building without rules.
- Application controlled execution aims to introduce market-friendly rules similar to traditional exchanges.





