The Solana Foundation has officially launched the Solana Developer Platform (SDP), a new API-driven platform designed to help enterprises build financial products on the Solana blockchain. The launch was accompanied by the announcement that major financial firms Mastercard, Worldpay, and Western Union are early users of the platform.
The SDP bundles infrastructure from over 20 technology partners into a unified interface, aiming to lower the technical barriers for banks, payments companies, and other financial institutions. The platform is structured around three core modules: an issuance module for deploying tokenized real-world assets (RWAs), a payments module to facilitate fiat and stablecoin flows, and a trading module—scheduled for release later in 2026—that will support atomic swaps, vaults, and on-chain forex.
Each early user has a distinct application for the SDP. Mastercard is utilizing the platform to enable stablecoin settlement on the Solana network. Worldpay, a global payments processor, is applying it to merchant payments and settlement. Western Union is exploring the platform to extend its cross-border payment capabilities onto the blockchain.
"The next phase of digital asset innovation will be defined by practical use cases that integrate seamlessly with existing financial systems," said Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard. Catherine Gu, Head of Product at the Solana Foundation, noted, "The early interest we’ve seen from enterprises and institutions signals strong demand."
The platform enters a competitive enterprise blockchain space, facing established offerings from the Ethereum ecosystem like Consensys' Infura and Linea, as well as Coinbase's Base and Ripple's XRP Ledger. The SDP is currently live in a test version on Solana's testnet, with full availability expected later this year.
