R3 and the Solana Foundation have announced a strategic collaboration integrating R3’s leading private enterprise blockchain, Corda, with Solana’s high-performance public mainnet. This partnership aims to accelerate institutional adoption of public blockchain networks by leveraging regulatory clarity and rising demand for tokenized real-world assets (RWAs). The collaboration marks a significant strategic shift for R3, highlighting its leadership in merging public and private blockchain ecosystems to drive the next generation of internet capital markets. It enables regulated financial institutions to access Solana’s speed, scale, and liquidity directly, fostering broader asset distribution and enhancing the convergence of traditional finance (TradFi) with decentralized finance (DeFi). On May 22, 2025, in London, the two organizations revealed plans to deliver the first enterprise-grade, permissioned consensus service on a Layer 1 public blockchain. This service will bridge R3’s extensive TradFi network with Solana’s scalable and cost-effective infrastructure, combining R3’s strengths in regulated asset management with Solana’s robust global ecosystem. As part of the alliance, Lily Liu, President of the Solana Foundation, has joined R3’s Board of Directors, signaling a unified approach to harnessing the benefits of both permissioned and public blockchains. This partnership is timely as the RWA sector experiences favorable regulatory momentum, growing institutional comfort with public blockchains, and maturation of DeFi, boosting demand for tokenized quality assets on public networks. R3’s ecosystem already hosts over $10 billion in regulated assets on-chain with millions of daily transactions enabled by Corda, the foremost permissioned platform with myriad live use cases. Integrating Corda with Solana’s blockchain allows seamless asset flows to public networks and unlocks new settlement options, including usage of high-quality stablecoins.

Unlike traditional interoperability methods, this integration permits private transactions on Corda to be confirmed directly on Solana’s mainnet, combining private transactional privacy with public network performance, security, and atomic transaction finality. The initiative will deploy a consensus service on Solana to provide native interoperability between R3’s Corda and other private networks with Solana’s public blockchain. This breakthrough enables regulated entities such as banks, market infrastructure providers, and asset managers to leverage Solana’s openness and efficiency without needing to overhaul existing applications or compromise compliance, security, or asset control. Following thorough technical evaluations, R3 selected Solana for its low fees, high throughput, scalability, vibrant developer community, and established relationships with major regulated institutions like BlackRock, Franklin Templeton, and Hamilton Lane—all of which have issued regulated assets on Solana. This partnership simplifies managing RWAs on public blockchains by combining Corda’s proven capabilities in identity, privacy, and regulatory compliance with Solana’s public and permissioned architecture. It allows traditional financial firms to maintain enterprise-grade control and clarity while benefiting from the scalability and flexibility of a public blockchain. Lily Liu emphasized this collaboration as a landmark for institutional public blockchain adoption, validating public chains as mature enough for regulated finance, with Solana’s performance and permissioning leading the convergence of TradFi and DeFi. David E. Rutter, R3’s CEO, noted that this initiative is a strategic realignment to solve real financial challenges by building connective infrastructure between TradFi and DeFi ecosystems, ensuring real-world utility and institutional readiness. Clearstream, a major post-trade infrastructure provider and longstanding Corda user, highlighted the collaboration as a generational shift enabling scalable, secure global asset interaction via tokenization across converging public and private blockchains. About R3: R3 leads in RWA tokenization and interoperability, bridging the largest on-chain RWA ecosystem with DeFi through its permissioned Corda platform, which supports secure, controlled tokenization and asset mobility. About Solana: Solana is a high-performance, decentralized public blockchain designed for mass adoption across finance, NFTs, payments, and gaming, operating as a single global state machine. About Solana Foundation: A Swiss non-profit dedicated to supporting the decentralization, adoption, and security of the Solana network. For more information, visit www. r3. com, solana. com, and solana. org.