Solana Foundation Launches Enterprise Developer Platform for Tokenized Finance
According to the Solana Foundation, the Solana Developer Platform launched on July 24 for enterprises and financial institutions, with Mastercard, Western Union, and Worldpay among initial users alongside more than 20 infrastructure partners and 11 wallet providers.
In an official announcement, the Solana Foundation said it launched the Solana Developer Platform on July 24 for enterprises and financial institutions. According to the Foundation, Mastercard, Western Union, and Worldpay are among the initial users. The announcement also said the platform launched with participation from more than 20 infrastructure partners and 11 wallet providers. The existing platform scope includes issuance, payments, and trading APIs for compliant stablecoins, tokenized deposits, B2B payments, and direct settlement use cases, with earlier disclosed details stating that token issuance and payments modules are live while the trading module is planned for 2026.
- stablecoins: Blockchain-based tokens designed to maintain a stable value, usually by being pegged to a fiat currency such as the U.S. dollar.
- tokenized deposits: Bank deposit liabilities represented as digital tokens on a blockchain, intended to make transfers and settlement more programmable and efficient.
- B2B payments: Payments made between businesses, often involving supplier, treasury, or commercial transactions rather than consumer spending.