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R3 bets on Solana to bring institutional yield onchain
Source: CryptoNewsNet Original Title: R3 bets on Solana to bring institutional yield onchain Original Link: https://cryptonews.net/news/defi/32329711/ After more than a decade building infrastructure for exchanges, financial institutions and central banks, R3 saw the market starting to bend in a new direction. About a year ago, the firm initiated a strategic reset, asking a simple but fundamental question: what is the best way for customers to move assets fully onchain?
Todd MacDonald, R3’s co-founder, said that process coincided with a deep review of the blockchain landscape.
“We spoke to essentially all the layer ones and layer twos,” he explained in an interview with CoinDesk, as R3 evaluated where institutional capital markets were most likely to migrate. That work culminated in a strategic partnership with the Solana Foundation, announced last May at the blockchain’s Accelerate conference, he said.