Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Solana News
The Solana Foundation launched the Solana Developer Platform on Tuesday, targeting banks and financial institutions that want to build products on the Solana blockchain. Mastercard, Worldpay, and Western Union joined as early users. The platform went live in a sandbox environment built on Solana’s test network.
The SDP brings together infrastructure from more than 20 technology partners into a single API-driven interface. It is structured around three modules. The first covers the issuance of tokenized real-world assets. The second handles fiat and stablecoin payments. The third, a trading module supporting atomic swaps and on-chain forex, is due later in 2026.
Partners are divided across four categories. Node infrastructure providers include Alchemy and QuickNode. Custody and wallet solutions include Fireblocks and Coinbase. Compliance tools are provided by Chainalysis and Elliptic. Payment ramp services make up the fourth category.
Mastercard is using the platform to enable stablecoin settlement on Solana. Worldpay is applying it to merchant payments and settlement, and Western Union is using it to expand its cross-border payment capabilities onto the blockchain.
Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, said the next phase of digital asset innovation will be defined by practical use cases that connect with existing financial systems. Malcolm Clarke, Western Union’s vice president of digital assets, said the SDP expands its network’s capabilities rather than replacing them.
The real-world asset tokenization market, including stablecoins, stands at $328 billion, accordingto RWA(dot)xyz. <a href="https://xpertsstudio.com/ethereum-price-hits-overbought-rsi-of-80-as-bitcoin-tops-80k/” title=”Ethereum Price Hits Overbought RSI of 80 as Bitcoin Tops $80K”>Ethereum holds more than half of that total, while Solana currently accounts for a 6.3% share.
“The early interest we’ve seen from enterprises and institutions signals strong demand,” said Catherine Gu, head of product at the Solana Foundation. The Alpenglow upgrade in 2025 boosted transaction throughput on Solana ahead of this institutional push. Visa launched USDC settlement for U.S. banks on the Solana blockchain in December.
The SDP enters a competitive market. Rivals include Consensys’ Infura and its Linea layer-2, as well as Coinbase’s Base platform and Ripple’s XRP Ledger, all of which target enterprise and institutional clients.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
Source: coinmarketcap.com