Solana wants to attract companies and financial organizations to its ecosystem. To this end, it is launching a unified platform for developers with a focus on tokenization and stablecoins.
The Solana Foundation reported that it has already attracted its first major participants. Among them are Mastercard, Worldpay, and Western Union. These companies have become some of the first users of the new platform.
The platform is called the Solana Developer Platform. It was introduced on Tuesday. It aims to simplify development through a unified interface.
The main focus now is on the tokenization of real assets, including stablecoins. According to rwa.xyz, this market is estimated to be around $328 billion.
The vast majority of this volume still comes from Ethereum. It has more than half of the market. Solana's share is currently around 6.3%.
“Interest from companies and financial institutions shows that there is demand for such solutions,” said Catherine Gu, head of the product direction at Solana Foundation.
At launch, the platform will have three key modules.
The first is responsible for the issuance of tokenized assets. The second is responsible for payments, including transactions with traditional currencies and stablecoins. The third will appear later this year. It will be related to trading and supporting atomic swaps, storage, and on-chain operations in the currency market.
Among the first users of the platform, there are already specific use cases. Mastercard will use it for settlements in stablecoins. Worldpay will handle payments for businesses. Western Union will test international transfers.
Solana is betting on both users and businesses.
Catherine Gu mentioned that the platform will gradually expand. According to her, each of the modules has significant development potential.
“We see how we can significantly enhance all three modules. Plus, over time we plan to expand the list of infrastructure partners and services within SDP,” she noted.
The team is also considering launching cards linked to stablecoins. According to Gu, this is already one of the most sought-after use cases.
Solana does not want to limit itself to just one direction. The platform targets both regular users and businesses.
The idea is to create a market where any assets can be traded on-chain. Fast and just as easy as on the internet.
“We continue to develop solutions for both companies and users. Our goal is to move all assets onto the blockchain,” Gu added.
Solana is strengthening its work with institutions.
Solana pre-optimized its network for the requirements of major players. In 2025, the Alpenglow update was released, which increased throughput.
At the same time, in December, Visa launched USDC settlements for US banks based on Solana.
“The next stage of the development of digital assets will be related to real cases that easily integrate into the existing financial system,” noted Mastercard's Vice President for Blockchain and Digital Assets, Raj Damodharan.
Western Union also does not consider SDP as a replacement for its infrastructure. According to Malcolm Clark, Vice President for Digital Assets, the platform provides an opportunity to expand use cases and increase the volume of international transfers.
Solana is entering a crowded market of corporate blockchain solutions.
Blockchain-based business solutions are no longer a novelty. The new Solana platform is entering quite a competitive environment.
Ethereum already has strong products for this segment. For example, Infura from Consensys. It is an infrastructure with an API that thousands of decentralized applications operate on.
Consensys also has a solution called Linea. It is positioned as an entry point for institutions into the crypto market.
Coinbase has its own second-layer solution, Base. It already has ready-made modules for payments, APIs, and commercial services. They directly compete with the payment part of SDP.
Ripple has also been working in this direction for a long time. Its solutions, including XRP Ledger, are aimed at companies and financial organizations. The main focus is on international transfers.
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