Solana Creates Blockchain Developer Platform for Banks and FinTechs

Solana Foundation has launched a developer platform designed to make it easy for enterprises and financial institutions to build and launch financial products on the Solana blockchain.

The Solana Developer Platform (SDP) can be used out of the box by artificial intelligence coding platforms, is powered by application programming interfaces (APIs), and brings together infrastructure from across the Solana ecosystem in a single, unified interface, the organization said in a Tuesday (March 24) press release emailed to PYMNTS.

SDP’s three core modules include an issuance module that enables users to issue a tokenized deposit, stablecoin or tokenized real-world asset (RWA); a payments module that allows users to orchestrate fiat and stablecoin flows; and a trading module that enables users to support atomic swaps, vaults and on-chain foreign exchange, according to the release.

The issuance and payments modules went live Tuesday, while the trading module is set to follow later this year, the release said.

Solana Foundation’s more than 20 infrastructure partners on SDP provide node infrastructure, wallets, compliance and ramps, per the release.

“Solana Developer Platform provides an easy gateway for any financial institution to build on Solana from day one,” Catherine Gu, head of product, digital assets at Solana Foundation, said in the release. “It is entirely API-based, removing the technical and operational barriers that enterprise developers may encounter.”

Some enterprises are already using SDP. They include Mastercard, which is using the platform for stablecoin settlement; Worldpay, for merchant payments and settlement; and Western Union, for cross-border payments, according to the release.

Solana Foundation said in its Solana Ecosystem Report: February 2026, which was released March 5, that its network is seeing rapidly advancing institutional adoption.

For example, Goldman Sachs disclosed $108 million in SOL holdings, BlackRock’s BUIDL fund cleared $550 million on the network, and Citigroup completed a full trade finance life cycle on-chain, according to the report.

“Citigroup completed the full life cycle of a tokenized Bill of Exchange on Solana in early February across issuance, financing, distribution and settlement alongside PwC,” Solana Foundation said in the report. “The choice of Solana as the settlement layer indicated strong interest from the banking sector in trade finance workflows.”