Solana Foundation Boosts Institutional Adoption with New Executives
The Solana Foundation has appointed Rachel Conlan as its chief strategy officer and Jamal Raees as general manager of payments. Both executives bring extensive experience from leading companies in the crypto space, with Conlan having spent three years at Binance and previously holding senior leadership roles at OKX, CAA Sports, and Havas.
Conlan will lead strategy across institutional partnerships and ecosystem growth, while Raees will work with payment companies, enterprises, and the broader ecosystem to expand the adoption and reach of Solana as global payments infrastructure. He joins from Polygon Labs.
The Solana Foundation uses the term 'Token Supercycle' to describe the long-term migration of money, assets, and ownership onto always-on internet infrastructure. According to the foundation, Solana (SOL) has processed more than $5 trillion in stablecoin volume this year, with real-world assets on the network surpassing $4.5 billion and tokenized equity supply crossing $620 million.
The Solana Foundation President Lily Liu said, 'The question is no longer whether markets move onchain; it's how fast, and onto whose infrastructure.'