- The Solana Foundation launched the Solana Developer Platform on March 24, an API-driven toolkit bundling 20+ infrastructure partners to let enterprises build financial applications on Solana without deep blockchain expertise.
- Mastercard, Western Union, and Worldpay are testing the platform in sandbox, exploring stablecoin settlement, cross-border payments, and merchant settlement respectively.
- The platform ships with three core modules: issuance, payments, and a trading module arriving later in 2026, plus AI integrations from Anthropic and OpenAI.
Solana Foundation has launched an enterprise developer platform aimed at making it easier for banks, payments firms, and other financial institutions to build blockchain-based products without deep in-house crypto infrastructure.
Announced on March 24, the Solana Developer Platform combines services from more than 20 infrastructure providers into a single API-based system.
It is designed to let institutions build tokenised deposits, stablecoins, payments tools, and other financial applications on Solana through no-code and low-code workflows.
Mastercard, Western Union, and Worldpay are already using the system in sandbox environments, though none of the projects has moved to production.
Related: USR Stablecoin Crashes After Exploit as Millions in Unbacked Tokens Flood Market
Built for Institutional Use
The platform launches with two live modules and a third planned for later this year. The issuance module supports tokenised deposits, stablecoins, and tokenised real-world assets.
The payments module handles fiat and stablecoin transfers, including on- and off-ramps and on-chain B2B, B2C, and peer-to-peer payments. A trading module covering atomic swaps, vaults, and foreign exchange is scheduled for later in 2026.
Solana is positioning the platform as a way to reduce the operational burden for large financial firms that want blockchain exposure without building their own stack.
AI tools from Anthropic and OpenAI are built into the developer workflow, while token extensions add permissioning and privacy controls intended to meet institutional compliance requirements.
The partner network covers core infrastructure, custody, compliance, and payments. Providers include Alchemy, Helius, QuickNode, Anchorage Digital, BitGo, Coinbase, Fireblocks, Chainalysis, Elliptic, TRM, Bridge, MoonPay, and Lightspark.
Related: Brazil Hits Pause on Crypto Tax Plans as Election Politics Take Priority
Credit: Source link
