According to a ChainCatcher report citing CoinDesk, blockchain technology developer R3 has announced plans to reposition and transform itself into a tokenization and on-chain capital market based on Solana, focusing on high-yield institutional assets such as private credit and trade finance, which will be structured into DeFi-native frameworks. Currently, R3's Corda blockchain platform supports assets exceeding $10 billion. The company has also established partnerships with institutions such as HSBC, Bank of America, Intesa Sanpaolo, the Monetary Authority of Singapore, the Swiss National Bank, the European Central Bank, SDX, and SBI. These collaborations aim to bring Wall Street-level assets onto the blockchain and scale off-chain capital into on-chain markets.
Blockchain Developer R3 Announces Transition to Solana-Based Tokenization and On-Chain Capital Markets
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Summary
Blockchain news: R3, a major blockchain developer, is transitioning to a Solana-based tokenization and on-chain capital markets platform. The company will focus on institutional assets such as private credit and trade finance, converting them into DeFi-native structures. R3's Corda platform currently supports over $10 billion in assets and partners with HSBC, Bank of America, and others. This move aims to bring Wall Street-level assets onto the blockchain. On-chain news highlights R3's initiative to scale capital markets using Solana.
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