The coalition has been working for years on the tokenization of financial markets for clients such as HSBC, Bank of America, Euroclear, and the Italian central bank. In total, approximately 10 billion dollars of assets are already tokenized through its private networks. But until now, everything took place in a closed environment, on "permissioned" blockchains, accessible only to approved institutions.
The agreement signed with Solana changes everything. It will allow R3 and its clients to use Solana as a public execution layer, enabling clients to access the entire Solana ecosystem, particularly for decentralized finance (DeFi). In return, the foundation is investing an undisclosed amount in R3, and its president, Lily Liu, is joining the board of directors of the group. A strong gesture. And a deliberate strategic turning point.