Blockchain technology developer R3 has announced a repositioning and transformation into a Solana-based tokenization and on-chain capital market, focusing on high-yield institutional assets such as private lending and trade finance, packaged into DeFi-native structures. The aim is to bring Wall Street-level assets onto the blockchain and massively integrate off-chain capital into on-chain markets. R3 reportedly already supports over $10 billion in assets through its Corda blockchain platform and has partnered with HSBC, Bank of America, Bank of Italy, the Monetary Authority of Singapore, the Swiss National Bank, Euroclear, SDX, and SBI, among others. (CoinDesk)