Ripple's Major Partner in Japan Teams up With Solana Foundation

SBI Holdings and Solana Foundation Forge Groundbreaking Partnership

In a move that promises to reshape the financial sector, SBI Holdings—Ripple's largest partner in Japan—has announced a strategic partnership with the Solana Foundation. This collaboration will leverage SBI's R3 Corda platform, the world's largest network of permissioned corporate chains, to accelerate the adoption of traditional finance (TradFi) institutions and real-world assets (RWAs) on the Solana (SOL) blockchain.

The partnership combines R3 Corda's expertise in permissioned networks with Solana's high-performance mainnet capabilities. This marks a significant milestone for the $10 billion Corda ecosystem, which already includes industry giants like HSBC and Bank of America.

Technically, the integration will enable private transactions on Corda to be validated directly on Solana's mainnet—a first-of-its-kind achievement. This breakthrough will benefit financial institutions, fintech firms, payment processors, and RWA issuers using the Corda platform.

As part of the collaboration, Lily Liu, President of the Solana Foundation, has been appointed to the Board of Directors of R3 Corda, further strengthening ties between the two organizations.

This partnership has far-reaching implications for the crypto ecosystem, demonstrating how public blockchains like Solana can integrate with permissioned networks. It also highlights Solana's growing influence in Japan's financial sector, where XRP remains the second-most popular digital asset—even outperforming Ethereum (ETH).

SBI Group's strategic move underscores the ongoing convergence of traditional finance and decentralized technologies, paving the way for new innovations and growth opportunities.