R3 to Migrate $10 Billion in RWAs to Solana from Corda

• R3 integrates Solana blockchain for real-world assets
• Over $10 Billion in RWAs Comes to Solana
• R3 Connects Corda and Solana with On-Chain Interoperability

R3, known for its private blockchain platform Corda, has announced a strategic shift that marks its entry into the public blockchain markets. The company has chosen Solana to launch a new consensus service, enabling over US$10 billion in real-world assets — issued by institutions such as banks and asset managers — to be traded and settled on a public network.

This move aims to bridge the permissioned and public blockchain ecosystems by creating a native bridge between Corda and Solana. The company explained that the new system will enable interoperability between private networks and Solana’s public blockchain, boosting institutional use of crypto assets and decentralized infrastructure.

R3 has a strong institutional client base, including DTCC, Nasdaq, Mastercard, HSBC, and JP Morgan. By collaborating with Solana, the company aims to expand its presence in the real-world assets (RWA) space, a segment that is gaining momentum as DeFi matures and regulatory advances increase institutional trust in cryptocurrencies.

“DeFi won’t come to TradFi on its own, so it’s up to us to build the connecting infrastructure that bridges these two ecosystems,” said David E. Rutter, CEO of R3. He also highlighted the need to adapt solutions to ensure practical utility and readiness for use in regulated environments.

According to R3, the decision to choose Solana over Ethereum was made after a detailed technical analysis. Solana proved to be more suitable for the performance and scalability needs required by financial institutions. As part of the alliance, Lily Liu, chair of the Solana Foundation, will join R3's board of directors.

The partnership between R3 and Solana could redefine the way traditional financial assets are represented on public blockchains, expanding the reach of RWAs within the crypto ecosystem.