Solana has unveiled an AI-based blockchain platform. Mastercard, Western Union and Worldpay have joined as early participants, The Block reported on March 24.

The newly launched Solana Developer Platform (SDP) supports the development of various on-chain products, including real-world asset tokenisation and payment technology. Mastercard plans to use it to expand its stablecoin operations.

Raj Dhamodharan (라즈 다모다란), executive vice president of Mastercard's blockchain and digital assets division, said the next stage of digital asset innovation is creating practical use cases through integration with existing financial systems. He said Mastercard will support stablecoin payments directly on the Solana network through SDP.

SDP consists of three main API modules that support on-chain tokenisation, fiat and stablecoin payments, and trading functions. Western Union also plans to use it to add on-chain capabilities to its remittance network. Malcolm Clarke (맬컴 클라크), vice president of Western Union's digital assets division, explained that SDP does not replace existing networks but provides new blockchain-based scalability.

The platform, backed by support from more than 20 infrastructure partners, offers node and wallet infrastructure, regulatory compliance and on-ramping functions. Major custody providers including Anchorage Digital, BitGo and Coinbase are participating, along with non-custodial wallet services such as Fireblocks. Analytics firms including Chainalysis and Elliptic support compliance with KYC and FATF travel rule requirements, while Bridge, BVNK and Lightspark support the payments module.