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Big Banks Strike Deal to Move to Solana Blockchain

  • R3 and the Solana Foundation announced a strategic partnership on May 22, 2025, in London, New York, and Zug to integrate private blockchains.
  • The collaboration resulted from R3's evaluation of public blockchains and aims to enable financial institutions to access Solana's scalable infrastructure.
  • R3 plans to integrate its private consensus mechanism with Solana by connecting its exclusive Corda networks to Solana’s public blockchain, ensuring that data privacy is maintained throughout the process.
  • The collaboration will introduce more than $10 billion in regulated real-world assets to the Solana blockchain, marking the debut of a high-quality, permissioned consensus mechanism made accessible to the public on a Layer 1 platform.
  • This collaboration represents a major advancement in integrating regulated financial institutions with public blockchain technology and highlights the increasing blending of traditional finance and decentralized finance.
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Disruption Banking broke the news in on Thursday, May 22, 2025.
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