Several major traditional financial (TradFi) institutions are turning to the Solana blockchain to explore tokenization — the process of issuing real-world assets as digital tokens.

R3, a blockchain software firm, has partnered with the Solana $SOL Foundation to give its clients — including HSBC, Bank of America, and Euroclear — access to Solana’s high-speed public blockchain. This move allows institutions to choose between public infrastructure like Solana or private networks like R3’s Corda.

Meanwhile, Franklin Templeton is launching a tokenized mutual fund on Solana, and Citigroup is investigating Solana’s$SOL smart contract capabilities for future applications.

Tokenization projects on Solana also include Hamilton Lane’s private credit fund, Ondo Finance’s tokenized Treasuries, and Securitize’s real-world asset offerings — all aiming to enhance efficiency, transparency, and accessibility in finance.

Solana’s $SOL

speed, scalability, and low transaction fees are making it an increasingly attractive platform for bridging TradFi with Web3.