TechFlow News, January 24: According to CoinDesk, blockchain technology developer R3 announced plans to reposition itself as a Solana-based tokenization and on-chain capital markets platform, focusing on high-yield institutional assets—such as private credit and trade finance—and packaging them into DeFi-native structures.
Currently, R3 supports over $10 billion in assets via its Corda blockchain platform and has partnered with institutions including HSBC, Bank of America, Intesa Sanpaolo, the Monetary Authority of Singapore, the Swiss National Bank, Euroclear, SDX, and SBI, aiming to bring Wall Street-grade assets on-chain and migrate large volumes of off-chain capital into on-chain markets.
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