MoneyGram has become a validator on the Solana blockchain and joined the Solana Developer Platform, marking its entry into the Solana ecosystem. According to ChainCatcher, the move makes Solana the third public blockchain where MoneyGram operates an official validator, following Tempo and Midnight Network.

MoneyGram CEO and Chairman Anthony Soohoo said that serving as a validator enables the company to stake SOL, process transaction blocks, and contribute to Solana’s network security and performance. He added that joining the Solana Developer Platform provides access to tools to build and issue financial products alongside institutions such as Mastercard.