R3 Expands Access to Blockchain for Institutions Through Solana Partnership

Financial institutions are set to gain greater access to blockchain technology through a strategic collaboration between R3 and the Solana Foundation. R3 will leverage Solana’s scalable infrastructure to power private blockchains accessible to financial institutions, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The partnership involves deploying R3’s permissioned consensus module directly on Solana, acting as a bridge between Corda, their proprietary ledger for financial institutions, and Solana’s public blockchain. Solana will validate transactions and serve as the consensus layer for these private networks.