Blockchain technology developer R3 announced plans to transform into a tokenized and on-chain capital market based on Solana

According to CoinDesk, blockchain technology developer R3 announced plans to reposition itself as a tokenized and on-chain capital market based on Solana, focusing on high-yield institutional assets such as private credit and trade finance, which will be packaged into DeFi-native structures.

It is reported that R3 currently supports assets exceeding $10 billion through its Corda blockchain platform and has established partnerships with HSBC, Bank of America, Intesa Sanpaolo, the Monetary Authority of Singapore, the Swiss National Bank, the European Clearing Bank, SDX, and SBI, aiming to bring Wall Street-level assets on-chain and to significantly introduce off-chain capital into on-chain markets.