Solana Rallies As R3 Partnership Signals Institutional Shift, SOL-DOGE Bridge Introduced
Solana (CRYPTO: SOL) is on a growth spurt gaining 2.70% in a day. The token is trading for $180.53, after giving 4.49% weekly and 18.97% monthly returns to its investors. The surge comes as the platform has recently announced a partnership with corporate blockchain giant, R3, which can close the gap between traditional finance and permissionless blockchain technology.
R3, known for its DLT platform Corda, has partnered with the Solana Foundation to develop an enterprise-grade consensus service on Solana’s Layer-1 blockchain. R3 has been focused on private chains serving banks and institutions. With the new partnership, it’s moving into public blockchain infrastructure for tokenizing real-world assets.
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Solana Foundation President, Lily Liu, has joined R3’s board of directors, showing the partnership is …
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