R3 Has Agreed with the Solana Foundation to Tokenize Its Global Stocks and Bond Funds

A UK enterprise blockchain development company, R3, has agreed with the Solana Foundation to tokenize its global stocks and bond funds.

UK enterprise blockchain development company R3 has agreed with the Solana Foundation to tokenize its global stocks and bond funds.

As part of the deal, which was announced on Wednesday, R3 will use its technology to create tokenized versions of investment funds. These tokens will then be sold to institutional investors via the Solana blockchain.

Solana is a high-throughput, low-latency blockchain that can process up to 65,000 transactions per second. It’s also known for its low transaction fees, which typically range from $0.0001 to $0.0005 per transaction.

The move is another major win for the Solana brand, bolstering its credibility and opening it to more significant liquidity flows in the months ahead.

It reflects a growing institutional appetite for blockchain technology, an intersection where Solana is establishing a deeper footprint. Kraken also announced it will launch a tokenized stock product on Solana this week, and firms such as Franklin Templeton and BlackRock moved their tokenized money markets to the chain this year.

But as big banks move to Solana, what is the best crypto?

Solaxy is building the world’s first Solana layer 2 blockchain. Solana is generating adoption at an unprecedented rate, primarily thanks to its active user base, high speeds, and low fees.

However, the network continues to face one pressing issue: congestion. During periods of peak network activity, Solana is unable to handle all transaction requests, leading to longer transaction wait times and more transaction failures. The Solaxy 2 blockchain will fix this.

It will use transaction bundling technology and off-chain computation to make Solana cheaper, faster, and more reliable.

It aims to scale to 10,000 transactions per second (TPS), which will make it almost 50% faster than Solana.

The projector is currently undergoing a presale, which has raised a staggering $39.4 million so far. This makes it the most successful Solana presale in history.

Based on its use case and early momentum, it’s clear that $SOLX has substantial room for growth in the months ahead.

Jupiter is one of the top decentralised exchanges on Solana, allowing users to swap new and well-established ecosystem tokens. The project has a competitive edge over other Solana DEXes: perpetual futures contracts trading.

Jupiter’s perps feature allows users to trade Bitcoin, Ethereum, and Solana with up to 100X leverage.

As one of the top Solana DEXes, Jupiter is expected to rise alongside the broader ecosystem. However, its DEX integration could generate even more user activity, especially as market rallies and investors seek more risk to compound gains.

It’s also worth noting that Jupiter has been a top gainer today, rising by 9.8%. It appears to be reacting better to the recent news than most other Solana tokens, signalling that it could continue to make big gains as Solana’s adoption grows.

While the two above-mentioned cryptos are focused only on the Solana ecosystem, Best Wallet Token offers a diversified bet over the entire crypto industry.

It’s a one-stop shop for all your crypto needs. It’s a self-custody crypto wallet that supports over 60 blockchains and is equipped with a wide range of built-in features.

These include a cross-chain DEX, token launchpad, a crypto debit card, advanced fraud protection, an NFT gallery, and more.

The wallet supports the Solana blockchain, alongside Bitcoin, Ethereum, Cardano, XRP, and many more.

$BEST is currently undergoing a presale, which has raised $10 million so far.

The $BEST token provides ecosystem benefits such as trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects. These innate utilities indicate that we could well see the $BEST price explode once it lists on exchanges.

As institutional interest in crypto grows, sophisticated players will begin to awaken to the power of native crypto yield. One of the best ways to attain crypto yield is through staking – and that’s what Jito specialises in.

Jito is a liquid staking platform that allows users to delegate the $SOL to validators to earn revenue. Delegators will also receive a synthetic version of Solana known as JitoSOL in return.

JitoSOL is backed 1:1 with $SOL, and users can deploy it in DeFi apps to compound their earnings.

Before liquid staking, staked tokens were locked up and couldn’t be used elsewhere, which was an inefficient use of liquidity. Jito unlocks new possibilities and more revenue streams for Solana market participants, which is a hugely valuable proposition.

As banks and institutions increasingly adopt cryptocurrency, platforms like Jito could prove an attractive way for them to generate more revenue.

The meme coin sector is less serious than the other sectors discussed in this article, but that’s what makes it appealing to many investors.

In fact, it’