Reap, a global financial technology provider, today has announced a strategic shift in its stablecoin treasury management, transitioning primarily to the Solana blockchain. This move aligns with the momentum around PayFi on Solana, which seeks to bridge real-world payments with on-chain finance through blockchain technology. By leveraging Solana's high-speed infrastructure, Reap aims to enhance scalability and efficiency in stablecoin payments and treasury management.
The strong growth momentum of stablecoin adoption on Reap's payment platform in 2024 is expected to continue into 2025. As the transaction volume grows, the need for a resilient high performance blockchain infrastructure powering payments at scale becomes increasingly critical. Solana’s PayFi ecosystem offers unmatched scalability, catering to Reap’s treasury management demands, particularly for enterprises requiring rapid, high-volume settlements.
While transitioning its stablecoin treasury fund flow to Solana, Reap continues to support multi-chain operations for USDC and USDT across Ethereum, Polygon, and Tron. This integration aligns with Solana's growing influence in breaking down barriers between the real world and blockchain. Reap is also partnering with Zodia Markets, the Standard Chartered backed digital asset brokerage platform, who offers an institutional-grade platform for managing digital assets, which can support Reap in scaling its stablecoin treasury operations securely and efficiently.
"Solana’s high-speed performance and Zodia Markets’ liquidity infrastructure are crucial to our vision of a seamless, borderless financial ecosystem. Together, we are eliminating the barriers that have historically limited blockchain adoption in corporate finance. Zodia Markets’ robust security measures and ability to facilitate instant fiat settlements are vital to our ecosystem's support for Solana.” said Felix Chung, Head of Business Operations at Reap.
"We are thrilled to partner with an industry leader such as Reap," said Mark Richardson, Chief Commercial Officer, Zodia Markets. "Our institution-first approach and rapid settlement capabilities offer enterprises the security and efficiency needed to scale digital asset operations. Together, we’re advancing the standards for speed, security, and reliability in the digital finance landscape."
This strategic partnership between Zodia Markets and Reap reinforces the leadership in stablecoin-powered financial services. By aligning with Solana's PayFi ecosystem growth and Zodia's institutional liquidity, Reap is poised to further dominate the market and transform traditional financial systems.
About Reap
Reap is a global technology provider that enables financial connectivity and access for businesses worldwide. By merging traditional finance with digital assets, Reap is transforming the financial landscape into a more interconnected and interoperable space for efficient money movement. Reap’s corporate cards and payment solutions streamlines financial operations and empowers businesses to scale. Through its APIs, businesses can embed financial solutions such as card issuance and cross-border payments directly into their platforms.
Licensed in Hong Kong since 2018, Reap has grown globally with employees in nine countries.
For media inquiries:
Christine Cheuk, Marketing Manager, Reap
christine@reap.global
About Zodia Markets
Zodia Markets is the institution-first digital asset brokerage providing comprehensive over-the-counter (OTC) and electronic trading solutions to clients across the globe. Born out of the innovation unit of Standard Chartered Bank, SC Ventures, and Asia’s leading digital asset company, OSL Group, Zodia Markets operates out of entities in UK, Ireland, Jersey and ADGM.