Solana taps Mastercard and Western Union for enterprise push

Solana has launched a new enterprise-focused developer platform aimed at enabling banks and payments firms to build blockchain-based financial products more easily.

The Solana Developer Platform combines infrastructure from more than 20 partners into a single API-driven system designed to reduce technical complexity for institutions entering blockchain development.

“The next phase of digital asset innovation will be defined by practical use cases that integrate seamlessly with existing financial systems,”

Said Mastercard executive VP Raj Dhamodharan.

Mastercard is using the platform for stablecoin settlement, while Worldpay is applying it to merchant payments and Western Union is exploring cross-border transfer integrations.

The platform includes modules for digital asset issuance, payment orchestration, and trading, although the trading functionality is expected to launch later in 2026.

It is currently live in a sandbox environment on Solana’s test network, with full rollout planned as the platform expands beyond testing.

The initiative brings together infrastructure providers including Alchemy, Fireblocks, Coinbase, Chainalysis, and Elliptic, positioning Solana to compete for institutional blockchain adoption.

At the time of reporting, Solana price was $90.49.