The Solana Foundation has appointed former Binance executive Rachel Conlan as Chief Strategy Officer and Polygon Labs veteran Jamal Raees as General Manager of Payments, separating its institutional-growth and payments mandates as stablecoin and tokenized-asset activity expands on the network. Conlan will lead institutional partnerships, ecosystem growth and go-to-market work, while Raees will work with payment companies and enterprises on Solana-based payment infrastructure. The foundation said Solana processed more than $5 trillion in stablecoin volume during 2026, with real-world assets exceeding $4.5 billion and tokenized equity supply topping $620 million. Conlan said $200 million in tokenized equities traded on Solana in a single day, with roughly 63% of activity outside U.S. market hours, though she did not identify the date or source. Circle's USDC was held by about 9.3 million Solana wallets on Sept. 23, up from about 7.2 million on June 6, while Column N.A. named Solana its default chain for native stablecoin rails in September.