R3 and the Solana Foundation have joined forces to introduce regulated real-world assets onto a public blockchain. According to an announcement made Thursday (May 22), this partnership will integrate R3’s private enterprise blockchain, widely used by regulated financial institutions, with Solana’s public mainnet. By combining their strengths, the collaboration aims to help regulated financial institutions address growing demand for tokenized real-world assets, the release noted. Currently, R3’s ecosystem of permissioned real-world asset networks manages over $10 billion in regulated assets on-chain across its platforms, the statement added. The Solana blockchain supports various use cases, including finance, NFTs, payments, and gaming, the release said. Lily Liu, President of the Solana Foundation, stated in the release that this partnership “signifies that the future of capital markets will be built on public infrastructure. ” “This marks a significant advancement for the institutional adoption of public blockchain, ” Liu commented. “R3’s choice to bring its regulated financial network onto Solana powerfully confirms that public blockchains have attained institutional readiness. ” David E.

Rutter, R3’s Founder and CEO, remarked that linking TradFi and DeFi ecosystems represents “a strategic realignment for the entire industry. ” “This initiative is centered on evolving to provide real-world utility, institutional-grade readiness, and shaping the long-term future of regulated markets, ” Rutter added. The tokenization of real-world assets is fueling an on-chain transformation throughout capital markets, with blockchain technology enabling improved efficiency, liquidity, and automation, as reported by PYMNTS in April. Tokenized real-world assets can increase liquidity, accessibility, and efficiency while boosting transparency, security, and global reach. Representing assets such as real estate, private equity and venture capital investments, fine art and collectibles, physical commodities like gold, fixed income instruments, intellectual property, and stocks on the blockchain can revolutionize asset ownership recording and unlock new functionalities. Additionally, it was reported Thursday that cryptocurrency exchange Kraken plans to begin offering tokenized equities to customers across Europe, Latin America, Africa, and Asia in the coming weeks.