R3 collaborates with Solana Foundation
22 May 2025 UK
Image: stock.adobe.com/I-Wei Huang
R3 has collaborated with Solana Foundation with the aim of bringing regulated financial institutions and their real-world assets (RWAs) onto the blockchain Solana.
R3 says that this will converge institutional TradFi and DeFi spaces — bringing R3 into the TradFi ecosystem with the scale, liquidity, and innovation of internet capital markets.
The firms say that this collaboration will create a consensus service deployed on Solana to enable native interoperability between R3’s existing Corda platform and Solana, as well as simplifying the complexity of managing RWAs on public blockchains.
As part of this collaboration, Lily Liu, president of the Solana Foundation, has been invited to join R3’s board of directors.
Liu says: “R3’s decision to bring its regulated financial network onto Solana is powerful validation that public blockchains have reached institutional readiness. With Solana's unmatched performance, enterprise-grade permissioning, and growing roster of regulated assets, we're not just witnessing convergence between TradFi and DeFi — we're enabling it.”
David E. Rutter, founder and CEO of R3, adds: “After years of laying the groundwork, R3 is ready to bring our experience and our network of regulated financial institutions towards a new public future with one of the best and most trusted public ecosystems — Solana.
“This is about adapting to deliver real-world utility, institutional-grade readiness, and shaping the long-term future of regulated markets.”
R3 says that this will converge institutional TradFi and DeFi spaces — bringing R3 into the TradFi ecosystem with the scale, liquidity, and innovation of internet capital markets.
The firms say that this collaboration will create a consensus service deployed on Solana to enable native interoperability between R3’s existing Corda platform and Solana, as well as simplifying the complexity of managing RWAs on public blockchains.
As part of this collaboration, Lily Liu, president of the Solana Foundation, has been invited to join R3’s board of directors.
Liu says: “R3’s decision to bring its regulated financial network onto Solana is powerful validation that public blockchains have reached institutional readiness. With Solana's unmatched performance, enterprise-grade permissioning, and growing roster of regulated assets, we're not just witnessing convergence between TradFi and DeFi — we're enabling it.”
David E. Rutter, founder and CEO of R3, adds: “After years of laying the groundwork, R3 is ready to bring our experience and our network of regulated financial institutions towards a new public future with one of the best and most trusted public ecosystems — Solana.
“This is about adapting to deliver real-world utility, institutional-grade readiness, and shaping the long-term future of regulated markets.”
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