MoneyGram Becomes Solana Validator, Expands Blockchain Payments Push

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MoneyGram has expanded its blockchain strategy by joining the Solana Developer Platform (SDP) and becoming an active validator on the Solana (SOL) network. The move marks the payments giant’s first engagement with the Solana ecosystem and deepens its commitment to blockchain infrastructure as it builds the next generation of global payment services. According to both companies, the partnership aims to bridge traditional financial rails with blockchain-based payments while supporting broader institutional adoption of stablecoins.

Moneygram Joins Solana as Validator and Infrastructure Partner

As part of the announcement on June 22, MoneyGram will operate a validator on the Solana blockchain, which will allow it to stake SOL, process transaction blocks, and help secure the network at the protocol level.

The company also joined the Solana Developer Platform (SDP), an AI-ready, API-driven platform that enables financial institutions and enterprises to build compliant financial products on Solana. MoneyGram now joins other major institutions on the platform, including Mastercard, Worldpay, and Western Union.

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According to MoneyGram, the partnership builds on more than five years of integrating blockchain and stablecoins into its treasury, product development and payments operations.

Anthony Soohoo, MoneyGram’s Chairman and CEO, said the company believes the future of global money movement will be built on open, interoperable stablecoin infrastructure that combines regulatory compliance with operational scale.

“MoneyGram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation. Engaging with Solana is the next step in that journey.”

At press time on June 23, SOL was trading at the price of $68.80, which indicates a decline of 6.6% in the last 24 hours, 8.6% across the past seven days, and 20.4% over the month, per the latest chart information.

Stablecoin Payments Remain a Growing Institutional Focus

MoneyGram said blockchain infrastructure already underpins key parts of its global payments business and described becoming a Solana validator as the next step in that strategy.

Running validator infrastructure also represents a deeper level of institutional participation than simply building applications on a blockchain. By helping validate transactions and secure the network, MoneyGram is contributing directly to Solana’s operation and continues to develop blockchain-based payment services through SDP.

The announcement comes as traditional financial companies continue increasing their exposure to blockchain infrastructure. Solana has recently expanded partnerships with several major financial institutions, including Mastercard, Worldpay, Western Union, and South Korea’s Toss Bank, as interest grows in stablecoin-powered payments and on-chain financial services.

MoneyGram currently serves more than 60 million active customers through nearly 500,000 retail locations worldwide, and both companies said the collaboration aims to make cross-border payments faster, more efficient, and more accessible by combining traditional payment networks with blockchain technology.