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Solana Accelerate Recap: State Street, J.P. Morgan, SoFi and More Launch New Products

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  • State Street, J.P. Morgan, SoFi and Securitize announced new Solana products for tokenization, reserves and stablecoins.
  • MoonPay acquired DFlow, while Google Cloud and Solana launched Pay.sh for AI agent payments using stablecoins.

The Solana Accelerate USA event ended with a broad set of product launches across tokenization, stablecoins, trading infrastructure, AI payments, and developer tools. State Street, J.P. Morgan Asset Management, SoFi, Google Cloud, MoonPay, Securitize, Jump Trading, and Jupiter were among the names tied to new Solana-based products.

State Street Investment Management and Galaxy Digital launched the State Street Galaxy Onchain Liquidity Sweep Fund, known as SWEEP. The tokenized fund gives qualified institutional investors a way to move stablecoins into a yield-bearing cash management product onchain. SWEEP starts on Solana, while State Street and Galaxy plan additional support for Ethereum and Stellar.

The product targets institutional cash management, where investors often deal with market-hour limits, settlement windows, and multiple intermediaries. SWEEP uses Galaxy’s digital infrastructure for tokenization, while State Street manages the traditional securities side of the portfolio. 

Anchorage Digital also announced plans for a “Cashless Reserves” model on Solana with J.P. Morgan Asset Management. The model aims to help institutional stablecoin issuers manage reserves through tokenized instruments rather than large static cash buffers. Anchorage said the structure targets liquidity, capital efficiency, and security for issuers operating at scale.

Western Union launched USDPT, a dollar-denominated stablecoin on Solana, issued by Anchorage Digital Bank.

SoFi added another stablecoin-related update at Accelerate. The regulated U.S. bank plans to expand SoFiUSD to Solana, citing the network’s settlement speed, low costs, and throughput. SoFiUSD is issued by SoFi Bank, N.A., and is designed as a fully reserved U.S. dollar stablecoin backed 1:1 by cash or cash equivalents.

Earlier on, SoFi became the first nationally chartered U.S. bank to accept direct Solana network deposits. The integration lets its 13.7 million members transfer SOL from external wallets into the SoFi app.

New Solana Products Target AI Payments, Tokenization 

In another partnership unveiled at Accelerate, Jump Trading, Securitize, and Jupiter announced a new platform that offers tokenized equities of US companies on-chain.  The partnership focuses on identity-linked wallets, compliance checks, and legally recognized ownership. 

MoonPay also expanded its Solana stack by acquiring DFlow, a Solana trading infrastructure platform. DFlow has processed more than $50 billion in cumulative trading volume since April 2025, including more than $12 billion in the first quarter of 2026, according to the supplied announcement. The platform serves more than 1 million active traders across over 500 applications.

DFlow’s main product focuses on execution quality. Its system can re-check venue prices during onchain execution and reroute trades within the same transaction when market conditions change. MoonPay said the acquisition adds execution infrastructure for high-volume trading, tokenized markets, and agent-driven financial applications.

Solana Foundation and Google Cloud launched Pay.sh, a payment gateway that lets AI agents access selected Google Cloud APIs and pay per request using stablecoins on Solana. The supported services include Gemini, BigQuery, BigTable, Cloud Run, and Vertex AI.

Pay.sh uses a Solana wallet as the agent’s identity and settles payments through stablecoins. The system targets machine-native payments, where autonomous software can discover APIs, receive pricing, and pay for usage without a traditional subscription or manual billing setup.

In other Accelerate announcements, Jito unveiled JTX, a self-custodial trading platform, while Privy activated Digital Asset Accounts on Solana for developers. Firedancer started the rollout of its 1.0 validator client, while Raposa Coffee announced partnerships with the Miami Heat and Miami Marlins.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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