R3, the team spearheading the development of the proprietary Corda blockchain, has announced its foray into public ‘internet capital markets’ through a strategic partnership with Solana. This significant shift in R3’s strategy will allow in excess of $10 billion worth of real-world onchain assets, issued by asset managers, banks, and other financial institutions, to be traded and settled on a public blockchain.
According to R3’s statement, the partnership will result in a consensus service deployed on Solana, fostering native interoperability between the existing Corda platform and Solana. This move will establish a bridge between permissioned and public blockchain ecosystems for the first time.
R3, an enterprise blockchain software firm, develops the Corda distributed ledger platform, an open-source, permissioned system. Its impressive client roster includes DTCC, Mastercard, Nasdaq, HSBC, and J.P. Morgan.
In R3’s words, “Solana and R3 will usher regulated assets onto a public blockchain at a pivotal juncture when the RWA sector is experiencing regulatory tailwinds, increasing investor confidence in digital assets, financial institutions are growing comfortable with leveraging public networks, and the DeFi sector is evolving.”
As part of these developments, Lily Liu, President of Solana Foundation Board, will join R3’s board. R3 chose Solana over Ethereum, the existing RWA market leader, after a thorough evaluation and technical review.
R3’s CEO, David E. Rutter, explained, “This is more than a milestone, it’s a strategic realignment for the entire industry. We recognize that DeFi isn’t coming to TradFi, so we need to build the connective infrastructure that links these two ecosystems. This is about adapting to deliver real-world utility, institutional-grade readiness, and shaping the long-term future of regulated markets.”
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