January 24 — Blockchain developer R3 said it plans to reposition as a Solana-based tokenization and on-chain capital markets firm, focusing on high-yield institutional assets like private credit and trade finance. The company will package these assets into a DeFi-native structure built to bring Wall Street-grade assets on-chain and scale the movement of off-chain capital to on-chain markets. Notably, R3 currently supports over $100 billion in assets via its Corda blockchain platform. Its partners include HSBC, Bank of America, Banco Bilbao Vizcaya Argentaria (BBVA), the Monetary Authority of Singapore, Swiss National Bank, European Central Bank, SDX, and SBI.
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