What to Know
- Solana Research Institute (SRI) launched in Switzerland, founded by former Euroclear executive Angus Scott
- SRI debuted a ~60-page practitioner report for senior financial professionals evaluating Solana’s blockchain under MiCA and the GENIUS Act
- Solana hit $650 billion in stablecoin transfer volume in February 2026 and $2 billion+ in tokenized real-world assets in March 2026
- Ethereum still holds roughly $44 billion in DeFi TVL vs. Solana’s $5 billion, per DefiLlama data
The Solana Research Institute Europe institutional launch is the clearest signal yet that Solana is done playing defense with traditional finance. Founded by Angus Scott, a former Euroclear executive, the Swiss-based Solana Research Institute (SRI) went live Thursday alongside a roughly 60-page report built specifically for senior financial practitioners who need someone to translate blockchain mechanics into the language of custody desks and compliance teams.
Solana Research Institute Europe Institutional Launch: What SRI Actually Does
SRI is not a think tank in the loose sense. It is a purpose-built vehicle for getting regulated institutions over the line on Solana adoption, and the founding team is stacked with people who know what that process actually looks like from inside those institutions. Scott spent years at Euroclear, one of the world’s largest securities settlement firms, before pivoting to this project.
The Solana Research Institute Europe institutional launch brings together contributors from the Solana Foundation, Jito, R3, and Figment. That combination matters. R3 has spent a decade building relationships with banks on permissioned infrastructure. Jito sits at the heart of Solana’s staking and transaction pipeline. Having them in the same room signals that SRI is genuinely trying to bridge two worlds that have spent years talking past each other.
The 60-page practitioner report tackles the questions compliance officers and risk managers have been asking since MiCA moved from draft to law: what are the operational implications, how does settlement finality work on a public chain, and where are the gaps in custody and reporting that still need to close before a board will sign off on deployment?
We want to bring credible analysis and informed dialogue to the forefront as institutions move from experimentation to deployment.
Regulatory Timing: MiCA, the GENIUS Act, and the End of ‘Wait and See’
The launch did not happen in a vacuum. Europe’s Markets in Crypto Assets Regulation (MiCA) is now in force, and the United States GENIUS Act for stablecoin oversight is moving through the legislative pipeline. Between those two frameworks, the window for holding back among regulated institutions is closing fast. Firms that have been watching from the sidelines are now being asked by their own boards: what is our strategy?
SRI is positioning itself to answer that question before a competitor does. The institute has already run closed-door sessions in London with participants from State Street and the Depository Trust and Clearing Corporation, two names that carry serious weight in traditional finance. These are not exploratory conversations. They are the kind of requirements-gathering meetings that come before procurement decisions.
The framing is deliberate. Rather than pushing Solana as a disruptor, SRI frames the network as infrastructure that regulated firms can evaluate on their own terms: risk, operations, market structure. The same categories a CRO would use to assess any vendor.
The Numbers Behind Solana’s Institutional Pitch
Any pitch to a pension fund or custodian bank needs data, and Solana has some numbers worth reading aloud. According to Solana’s February 2026 network data, the network processed $650 billion in stablecoin transfer volume in that single month. That is not testnet activity or developer traffic. That is real money moving.
By March 2026, tokenized real-world assets on Solana had crossed $2 billion, according to Solana’s March 2026 ecosystem data. Tokenized treasuries, private credit, and real estate are the asset classes that actually matter to institutional allocators, and Solana is now a credible venue for all three.
The comparison to Ethereum is honest rather than evasive. Ethereum holds over $165 billion in stablecoins and around $44 billion in DeFi total value locked, against Solana’s $5 billion, according to DefiLlama data. SRI is not pretending the gap does not exist. The argument is different: Solana offers speed and cost advantages that matter at institutional scale, and the ecosystem is maturing fast enough that the liquidity delta may narrow over the next few years.
Then there is the permissioned network angle. The Canton Network reportedly handles more than $6 trillion in tokenized assets, including large repurchase agreements and securities positions. That reflects how much institutional capital is still flowing into permissioned rails rather than public chains. SRI’s real job is making the case that public infrastructure is mature enough to compete for a share of that market.
Is Solana Ready for Prime Time, or Still Building the Infrastructure?
That question is the honest tension running through SRI’s launch. Nick Almond, head of governance at Jito Foundation, put it plainly. Institutional conversations have shifted from ‘is this viable?’ to detailed requirements-gathering around execution quality, market structure, and operational risk. That shift is real progress, but it also means the hard work is still ahead.
Almond flagged three areas where public chains including Solana are still in the requirements-building phase: custody infrastructure, reporting tooling, and venue connectivity. Those are not small gaps. A prime broker cannot plug into a blockchain that does not have institutional-grade custody options sitting alongside it. A compliance team cannot run a public chain through surveillance systems if the reporting layer is still being designed.
SRI’s closed-door sessions in London included participants from State Street and the DTCC. Those conversations happening at all is a signal. The question is how quickly the infrastructure ecosystem catches up to the demand that is clearly building.
Angus Scott described the increase in institutional blockchain participation over the past 12 months as significant. That word lands differently when it comes from someone who ran infrastructure at Euroclear rather than someone who has only ever worked in crypto. SRI’s credibility depends on that distinction, and the institute clearly knows it.
There has been a substantial shift from ‘is this viable?’ to detailed requirements-gathering around execution quality, market structure and operational risk. Regulatory clarity in the US and Europe is driving more concrete engagement.
Frequently Asked Questions
What is the Solana Research Institute Europe institutional launch?
The Solana Research Institute (SRI) is a Swiss-based organization founded by former Euroclear executive Angus Scott to help European financial institutions evaluate Solana’s blockchain. It launched in May 2026 alongside a 60-page practitioner report covering MiCA, the GENIUS Act, and operational deployment considerations.
Who are the contributors to the Solana Research Institute?
SRI’s founding contributors include the Solana Foundation, Jito, R3, and Figment. The institute has already held closed-door sessions in London with participants from State Street and the Depository Trust and Clearing Corporation, reflecting early engagement from major traditional finance institutions.
How much stablecoin volume did Solana process in February 2026?
Solana processed $650 billion in stablecoin transfer volume in February 2026, according to network data published by the Solana Foundation. The network also reported over $2 billion in tokenized real-world assets by March 2026, supporting the case for institutional deployment on public blockchain infrastructure.
How does Solana's DeFi TVL compare to Ethereum in 2026?
As of early 2026, Ethereum holds approximately $44 billion in DeFi total value locked and over $165 billion in stablecoins. Solana holds just over $5 billion in DeFi TVL, according to DefiLlama data, making Ethereum the dominant public chain for onchain liquidity depth.
This article is for informational purposes only and does not constitute investment advice. Every investment and trading decision involves risk. Readers should conduct their own research before making any financial decisions.


































Switzerland makes sense as the launch base given FINMA’s track record with tokenization pilots, but I’m curious how the institute plans to align its guidance with MiCA when Swiss banks technically sit outside the EU framework. The 60-page format suggests they’re targeting compliance officers, not devs.
another EU-focused playbook for banks that probably won’t touch Solana for years
Saw similar ‘institutional outreach’ efforts during the 2021 cycle from other L1s and most of those bank pilots quietly died once the market turned. Nothing wrong with publishing a guide, but tokenized asset adoption among traditional banks moves on a different timescale than crypto Twitter expects.