šŸ¦ Are banks’ ledgers moving onto Solana?

R3 co-founder Todd McDonald said in a recent interview published by Solana: the next version of Corda has chosen Solana, for three reasons.

šŸ”¹ Technology: scaling on a single mainnet, with one liquidity pool
šŸ”¹ Strategy: Solana’s vision of an ā€œinternet capital marketā€
šŸ”¹ Long-term alignment: in line with the ecosystem and foundation’s direction

Corda is a permissioned blockchain platform built for financial institutions. In a podcast around the same time, they also discussed how major institutions like Bank of America and Wells Fargo are using blockchain, and whether fixed income and alternative assets could be the next big markets for tokenization.

Here’s a set of on-chain data, too (compiled from posts on X):
Solana had 53.6 million monthly active users, a one-year high; daily active addresses rose 58% to 4.27 million; and Q3 app revenue climbed 48% to $299.1 million. SOL is currently around $106.

My take:
For years, institutions have said they ā€œwant private chains.ā€ Now a company that builds enterprise ledgers has publicly said, ā€œWe don’t want our own chain; we want shared liquidity.ā€ That statement carries more weight than any partnership announcement graphic. But there’s still a long way to go from ā€œselectedā€ to ā€œbank assets actually running on-chainā€ā€”compliance, privacy, settlement, and more—so don’t price it in too soon.

āš ļø One more heads-up: under this official Solana post, several accounts impersonating ā€œJupiter Foundationā€ have already popped up (misspelling Jupiter as Julplter or Juplter), posting the same comment and linking to ā€œJupiter airdrop now open.ā€ Comment sections on trending posts are phishing hotspots. Only trust official airdrop links.

What do you think will be the first bank assets to go on a public blockchain—Treasury bills, bonds, or something else? Let’s discuss in the comments šŸ‘‡

#Solana #RWA #ä»£åøåŒ– #SOL