Many large banks and other traditional financial (Tradfi) institutions are ready to use Solana blockchain for their token efforts.
R3, UK developer of blockchain technology for financial institutions, Team is forming with Solana Foundation East customers and their tokens to bring real -world property to Solana.
Through its blockchain platform, Corda, R3 holds more than $ 10 billion in property and counts the Monetary Authority of HSBC, Bank of America, Bank of Italy and Singapore among its participants.
Tokanization, real -world assets such as stocks and bonds as a token in the form of a token, which can be traded on decentralized networks, for the word, blockchain technology is one of the major use cases of blockchain technology that attracts the attention and investment of the tradefae world.
The recent report by Boston Consulting Group and Crypto Payments Company Ripple said that the token market could reach $ 18.9 trillion by 2033.
The purpose of R3 is to supercharges the scale and liquidity of the token by providing property on public blockchain such as Solana.
The total value of assets held on Solana may be dwarf by the atherium, but It processes more transactions and more active addresses,
R3 said in an announcement on Thursday, “Solana as the world’s most commonly used public blockchain … (IS) made the next generation an ideal basis for regulated digital finance.”
