Mastercard, Western Union, Worldpay Building With New Solana Enterprise Platform
The Solana Foundation launched the Solana Developer Platform (SDP), a unified, API-driven toolkit designed to simplify blockchain product development for banks and financial institutions. SDP integrates infrastructure from over 20 technology partners to reduce technical barriers and offers three main modules: digital asset issuance, payment orchestration, and trading (trading module to launch later this year). Early adopters include Mastercard, Western Union, and Worldpay. Mastercard is using SDP to facilitate stablecoin settlement on Solana, Worldpay is applying it to merchant payments and settlement, and Western Union is exploring blockchain-based enhancements for cross-border transfers. Infrastructure partners include Alchemy, QuickNode, Fireblocks, Coinbase, Chainalysis, and Elliptic. Currently, SDP is available in a sandbox on Solana's test network, with wider release planned.
