Solana Foundation taps former Binance, Polygon executives for adoption

The Solana Foundation appointed former Binance executive Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments. Conlan will lead strategy across institutional partnerships and ecosystem growth. Raees will work with payment companies, enterprises, and the broader ecosystem to expand Solana as global payments infrastructure. Conlan spent three years at Binance and previously held senior leadership roles at OKX, CAA Sports, and Havas. Raees joins from Polygon Labs. The Solana Foundation said Solana processed more than $5 trillion in stablecoin volume this year. Real-world assets on the network surpassed $4.5 billion. Tokenized equity supply crossed $620 million. Solana Foundation President Lily Liu said the ecosystem is growing in scale and ambition. The foundation uses the term "Token Supercycle" for the long-term migration of money, assets, and ownership onto always-on internet infrastructure. Earlier this year, the Solana Foundation partnered with SBI Holdings to build a Japan-based onchain financial market. The foundation also launched a pay-as-you-go system for AI agents with Google Cloud.