Coinpaper 2025-05-23 16:42:01

TradFi Giants Pick Solana for On-Chain Asset Tokenization

Tokenization is one of the most serious and promising blockchain use cases, which has caught the eye of major players from the world of traditional finance (TradFi). Several heavyweights in the global banking sector are set to use Solana as their primary platform for tokenizing real assets. British blockchain company R3, well-known in the institutional environment for its Corda platform, has announced a partnership with the Solana Foundation. The goal is simple but ambitious: to bring the tokenized assets of R3's clients onto Solana's public network and thereby increase the scale and liquidity of the digital asset economy. To understand the scale: R3's Corda platform already holds over $10 billion of assets. The client list includes HSBC, Bank of America, Bank of Italy, and even leading financial institutions from Singapore. Simply put, tokenization is when you take real assets, wrap them in a digital shell, and transfer them across decentralized networks. Most importantly, this process is quick and avoids unnecessary bureaucracy. According to a report by Boston Consulting Group and Ripple, the tokenization market could grow to $18.9 trillion by 2033. Capital is ready to go digital, and this movement is now irreversible. Solana is not just another altcoin here. Yes, it is inferior to Ethereum in terms of TVL, but in terms of the number of transactions and the number of users, it is consistently at the top. In some areas, it even significantly outperforms competitors in terms of speed and low fees. All this makes Solana not just suitable, but truly the ideal platform for large-scale applications.