Solana Foundation Bolsters Payments and Institutional Adoption Efforts

The Solana Foundation has made two significant appointments to accelerate institutional adoption and payments activity on its network. Rachel Conlan, previously of Binance, joins as chief strategy officer, while Jamal Raees from Polygon Labs takes on the role of general manager of payments.

These hires come at a time when Solana's stablecoin volume has surpassed $5 trillion this year, with real-world assets on the network exceeding $4.5 billion and tokenized equity supply topping $620 million.

The appointments build on other efforts to widen Solana's financial services footprint. The foundation recently partnered with SBI Holdings to build a Japan-based onchain financial market and rolled out a new pay-as-you-go system for AI agents with Google Cloud.