R3 chose Solana over Ethereum to connect it’s private Corda blockchain to a public ledger after an “extensive evaluation and technical review,” a choice that aligns with CEO David Rutter’s long-standing scepticism of Ethereum

Event date

May 22, 2025

Quotes that support claims

R3 CEO David Rutter, who has historically been critical of Ethereum, selected Solana following what the company described as an extensive evaluation of decentralized protocols. The choice may reflect both technical considerations and Rutter’s past skepticism of Ethereum, particularly after JP Morgan’s early interest in R3 shifted toward a permissioned version of Ethereum.

R3 tapped Solana, rather than the current RWA market leader, Ethereum, following an “extensive evaluation and technical review.”

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Week 21 of 2025