Solana Chosen by Major Banks for Real-World Asset Tokenization via R3 Partnership

Several leading banks and traditional financial institutions are set to use the Solana blockchain to tokenize real-world assets, following a new partnership between U.K.-based blockchain developer R3 and the Solana Foundation. The collaboration aims to bridge R3’s private Corda platform with Solana’s high-performance public blockchain, expanding the reach and liquidity of tokenized assets.

R3's Corda, which secures over $10 billion in tokenized assets, is widely adopted by major financial players including HSBC, Bank of America, the Bank of Italy, and the Monetary Authority of Singapore. This partnership will allow those institutions to issue and manage tokenized stocks, bonds, and other real-world assets on Solana’s decentralized infrastructure.

Tokenization—the process of converting physical or traditional financial assets into digital tokens on blockchain networks—is emerging as a transformative trend in finance. A report by Boston Consulting Group and Ripple estimates the tokenization market could soar to $18.9 trillion by 2033.

Solana, while still trailing Ethereum in total asset value, leads in transaction volume and active user addresses, making it attractive for large-scale financial operations. R3 cited Solana’s efficiency and adoption as key reasons for the integration, describing it as “the ideal foundation for the next generation of regulated digital finance.”

The move signals a significant step in TradFi’s adoption of blockchain technology, aiming to unlock greater liquidity, transparency, and accessibility in global markets. As traditional finance continues to merge with decentralized finance (DeFi), public blockchains like Solana are positioning themselves as crucial platforms for the future of asset management and financial innovation.