#R3 was the first to tokenize securities through HQLAx – a groundbreaking project developed alongside some of the biggest names in finance, including Bank of New York Mellon, BNP Securities Services, Citibank, Clearstream, Euroclear, and J.P. Morgan. Bringing our vision for tokenized, institutional‑grade assets to life meant navigating the complex, multi‑year onboarding processes of the world’s leading banks and exchanges. That journey laid the groundwork for what came next — establishing the trust, regulatory expertise, and infrastructure needed to take tokenization from concept to scale. Over the past decade, we’ve helped institutions move on chain, enabling the issuance of more than $15 billion in tokenized financial assets — including bonds, cash, and gold — within R3’s ecosystem. This track record proves our technology meets the highest standards of global finance. Now, with @Solana’s high-performance infrastructure and global reach, we’re taking that expertise mainstream — unlocking access to institutional-grade assets for millions.