Key highlights:
- Bullish partners with Solana Foundation to integrate Solana-native stablecoins into its trading and clearing infrastructure.
- The collaboration aims to build fast, cost-effective, and institutionally scalable on-chain financial systems.
- CoinDesk Data, also part of the Bullish Group, will expand data tools and coverage for Solana-based assets.
Bullish, a globally regulated cryptocurrency exchange focused on institutional traders, has announced a strategic collaboration with the Solana Foundation to incorporate Solana‘s high-speed blockchain technology into its trading and clearing ecosystem. The partnership is set to make Solana-native stablecoins the primary medium for custody, payments, transactions, and settlements across the Bullish platform. Bullish CEO Tom Farley stated:
“We believe that Solana has proven itself as rails for next-generation financial infrastructure—fast, efficient, and ready for institutional scale. This collaboration allows us to accelerate the shift toward real-time, on-chain finance with the regulatory rigor our clients expect.”
Focus on stablecoins
The integration will prioritize stablecoins native to the Solana blockchain, leveraging its low transaction costs and fast processing times to enhance Bullish’s services. The exchange executed over $2.5 billion in average daily trading volume in Q1 2025, placing it among the top five platforms by spot volume for Bitcoin and Ether. Bullish is licensed by financial regulators in Germany, Hong Kong, and Gibraltar.
CoinDesk Data, under the Bullish Group umbrella, will enhance its coverage and tooling for Solana tokens and stablecoins. This aims to support both centralized and decentralized finance participants with more comprehensive analytics and insights.
Lily Liu, President of the Solana Foundation, highlighted the alignment of both organizations’ visions:
“Bullish’s institutional focus, global regulatory footprint, and commitment to expanding the range of on-chain asset classes align with our vision for next-generation financial infrastructure.”
This development comes amid growing interest in stablecoins as tools for efficient, low-cost digital transactions. With a current market capitalization of $10.9 billion, Solana-native stablecoins are among the top three in the sector, according to data from DeFiLlama.
Looking ahead, Bullish plans to expand its use of Solana’s blockchain beyond payments to include clearing and settlement for future products. The move signals a significant shift towards more unified, on-chain infrastructure within institutional finance.
“By building on Solana’s high-performance network, we’re aiming to simplify the user experience, reducing settlement friction, and unlocking real efficiencies,” added Farley.
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Source:: Bullish to Integrate Solana Blockchain, Making Solana-Native Stablecoins Core to Its Ecosystem