PANews reported on May 22 that according to The Block, the private Corda blockchain development team R3 will cooperate with Solana to enter the public "Internet capital market". This cooperation marks the beginning of a new strategic direction for R3, and its real-world on-chain assets of more than $10 billion issued by asset management companies, banks, etc. will be able to be traded and settled on the public blockchain.

R3 said that the two parties will deploy consensus services on Solana to achieve native interoperability between private networks such as the Corda platform and Solana, bridging the gap between the permissioned and public blockchain ecosystems for the first time. It is worth mentioning that after evaluation and technical review, R3 chose Solana instead of Ethereum. The CEO of R3 said that this move is not only a milestone, but also a strategic repositioning of the industry, aiming to build a connectivity infrastructure that connects traditional finance and decentralized finance.