Solana Foundation launches financial developer platform

The AI-ready Solana Developer Platform (SDP) has three core API modules to help firms build and launch products related to issuance, payments and trading. The issuance and payments APIs are already live, with the trading module set to land later this year.

By aggregating infrastructure partners’ services into a single API-driven platform, SDP aims to simplify the onboarding experience for enterprises while funnelling activity into the broader Solana ecosystem. At launch, SDP is available in a sandbox built on Solana devnet.

Additionally, the platform can be used out of the box by AI coding platforms like Claude Code by Anthropic and Codex by OpenAI.

Catherine Gu, head, product, digital assets, Solana Foundation, says: “Solana Developer Platform provides an easy gateway for any financial institution to build on Solana from day one. It is entirely API-based, removing the technical and operational barriers that enterprise developers may encounter."

Mastercard is already tapping the platform for stablecoin settlement, Worldpay for merchant payments and settlement, and Western Union for cross-border payments.

Raj Dhamodharan, EVP, blockchain and digital assets, Mastercard, says: “As an early user of Solana Developer Platform, we’re helping enable direct stablecoin settlement for customers on select blockchain networks — beginning with Solana — combining the speed and programmability of blockchain with the reliability, security and global reach of the Mastercard network.”