R3 Plans to Transform into a Solana-Based Tokenization and On-Chain Capital Market

Odaily News Blockchain technology developer R3 has announced plans to reposition and transform itself into a Solana-based tokenization and on-chain capital market. It will focus on high-yield institutional assets, such as private credit and trade finance, and package them into DeFi-native structures. The aim is to bring Wall Street-level assets on-chain and introduce off-chain capital into the on-chain market at scale.

It is reported that currently, R3, through its Corda blockchain platform, already supports assets exceeding $10 billion in scale. It has also established partnerships with institutions including HSBC, Bank of America, Banca d'Italia, Monetary Authority of Singapore, Swiss National Bank, Euroclear, SDX, and SBI. (CoinDesk)