Solana Foundation collaborates with Mastercard, Western Union, and Worldpay for institutional development platform.

The platform serves as a toolkit that allows enterprises to develop and expand financial applications on Solana without requiring extensive knowledge of crypto infrastructure.

Key points:

• The new Solana Developer Platform (SDP) allows businesses to develop tokenized assets, stablecoins, and payment systems through APIs, featuring AI integration from OpenAI and Anthropic
• Initial use by Mastercard, Western Union, and Worldpay illustrates the increasing institutional shift towards blockchain-based settlements and payments

The Solana Foundation is introducing a fresh developer platform designed to facilitate the creation of blockchain-based products by financial institutions, with early adopters including Mastercard, Western Union, and Worldpay.

The Solana Developer Platform (SDP), which is currently in a testing phase for developers, provides a toolkit that allows enterprises to develop and optimize financial applications on Solana without the necessity for extensive crypto infrastructure knowledge. The SDP will also incorporate AI solutions such as Anthropic’s Claude Code and OpenAI’s Codex.

This platform integrates services from over 20 infrastructure providers—covering custody, compliance, wallets, and payments—into one cohesive interface, thereby simplifying a process that has historically been fragmented for institutions entering the sector.

At its launch, SDP features two operational modules. The issuance module allows businesses to create tokenized deposits, stablecoins, and tokenized real-world assets, while the payments module facilitates fiat and stablecoin transactions, including on- and off-ramps as well as on-chain operations. A trading module is anticipated to be released in 2026.

The participation of established payment companies highlights the increasing institutional interest in blockchain-based settlements. Mastercard is investigating stablecoin settlements on Solana, while Western Union is trialing cross-border payments on the platform. Worldpay is concentrating on merchant settlements and tokenized assets.

“As Solana remains the most reliable and innovative infrastructure for global payments and financial firms, SDP offers an accessible and familiar interface for institutions and enterprises to commence product development on Solana today,” stated the Solana Foundation in a press release distributed to CoinDesk.

Read more: Solana Foundation’s Liu: Focus on finance, not gaming ‘misadventures’