E Money Network and Solana integrates to power Compliance Focused BankFi Innovation in Web3
Last updated
Last updated
We are proud to announce that E Money Network has integrated with Solana, one of the most advanced blockchain ecosystems in the world. The Solana chain boasts of +$9 billion in Total Value Locked (TVL), more than +$4.6 billion in stablecoin market cap, and +5.3 million daily active user addresses.
This integration brings the capabilities of E Money Network’s compliance-first BankFi infrastructure to Solana’s high-performance ecosystem. Together, we’re unlocking new possibilities for innovative projects that require compliance, enabling crypto to become a part of the mainstream world.
With this integration, E Money Wallet becomes the first-ever MiCA compliant wallet on Solana, introducing a secure and regulations-ready environment for Solana users. E Money Wallet’s features include built-in KYC (Know Your Customer) and AML (Anti-Money Laundering) modules, enabling developers to seamlessly onboard users while meeting global regulatory standards.
This integration is a game-changer for Solana dApps, as it empowers developers to meet compliance requirements effortlessly. Whether it’s tokenizing real-world assets, facilitating DeFi lending, or onboarding users for decentralized physical infrastructure networks (DePIN), Solana projects now have access to ready-made compliance solutions through E Money Network.
E Money Network is the world’s first on-chain BankFi network, a milestone in blockchain’s journey toward mainstream adoption. Unlike other blockchains, E Money Network offers licensed infrastructure with inbuilt compliance modules for next-gen applications. With this collaboration, this compliant infrastructure is now accessible to the Solana ecosystem, enabling developers to build applications that require fiat integration and regulatory compliance.
Solana projects will also be able to seamlessly leverage banking services such as:
IBANs(International Bank Account Number) for international transactions.
Fiat-to-crypto on-ramping and off-ramping solutions.
Issuance of country-specific stablecoins. These capabilities will make it easier for regulated applications like stablecoins, and payment gateways to operate within the Solana ecosystem, ensuring compliance without compromising on innovation.
E Money Wallet is a multichain Web3 wallet with support for 60+ major chains. With the Solana chain integration in the E Money Wallet, users will be able to deposit and withdraw solana (SOL) and Solana native tokens, and use it as their default wallet to access the Solana ecosystem. They will be able to conveniently switch between different blockchain networks such as Solana, Ethereum, Polkadot, etc. using a single interface. Thus, the E Money Wallet will power a rich Web3 experience for Solana users.
Image: Solana chain on the E Money Wallet
The integration unlocks a plethora of new opportunities for applications that require strict adherence to regulatory frameworks. Use cases that will thrive include:
Stablecoins: Solana-based projects will be able to issue and manage fiat-backed digital currencies in a fully compliant environment.
Tokenized Real-World Assets (RWAs): From real estate to commodities, developers will be able to tokenize physical assets on Solana with transparent ownership, custody, and compliance layers.
Institutional DeFi: Solana projects will be able to securely offer lending, borrowing, and yield-generation services to institutions, bridging the gap between TradFi and DeFi.
DePIN: Decentralized physical infrastructure projects will be able to scale globally while adhering to local regulations.
By simplifying compliance, E Money Network will empower Solana developers to focus on innovation, while taking care of regulatory alignment.
Looking ahead, Solana’s ecosystem will have access to the complete suite of E Money Network’s BankFi offerings, ensuring its continued growth and evolution. As the collaboration evolves, there are endless opportunities for innovation that will open up, including but not limited to -
Credit Cards Linked to Blockchain Accounts: These cards will provide users with seamless spending options directly tied to their digital assets.
Country-Native Stablecoins: This revolutionary service will foster global adoption with localized stablecoins for easy cross-border transactions. E Money Network’s BankFi infrastructure will support the issuance and settlement of various country-native stablecoins.
Enhanced Fiat-Crypto Solutions: E Money's unique infrastructure will facilitate seamless switching between fiat to crypto for users. These enhanced on and off ramp capabilities can be deeply integrated within other dApps, so onboarding users and providing seamless fiat to crypto gateway will become easier for developers.
These services will not only enhance Solana’s ability to attract institutional adoption but also establish it as a hub for regulated blockchain applications.
The integration of Solana into the E Money Network ecosystem is more than just a technical collaboration, it’s a shared vision for the future of blockchain. By combining Solana’s high-performance capabilities with E Money Network’s compliance-first infrastructure, we’re creating an environment where regulated projects can thrive without compromise.
This collaboration bridges the gap between decentralized innovation and real-world financial systems, empowering developers, users, and institutions alike. As the journey begins, we invite you to stay tuned for updates, resources, and showcases of how Solana and E Money Network are shaping the future of compliant blockchain solutions.
