Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push
Rachel Conlan and Jamal Raees join as Solana aims to court institutions moving payments and assets onchain.
The Solana Foundation has appointed former Binance executive Rachel Conlan as its new chief strategy officer, adding a high-profile crypto industry veteran as the Solana (SOL) blockchain makes a bigger push into institutional finance and tokenized assets.
Conlan will lead strategy across institutional partnerships, ecosystem growth and efforts to bring more companies onto Solana, the foundation said Thursday. She spent previously three years at Binance, most recently as global chief marketing officer, before leaving the crypto exchange in June.
The foundation also hired Jamal Raees as general manager for payments. Raees joins from Polygon Labs, the development organization behind the Polygon network (POL), and previously worked at stablecoin infrastructure firm Bridge (now part of Stripe) and crypto payments firm Wyre. He will focus on getting payments companies and other businesses to use Solana for moving money.
Earlier this month, Solana Foundation President Lily Liu laid out what she called the “Token Supercycle,” making the case of a long-term migration of money, assets and ownership onto always-on blockchain infrastructure. The idea is that more financial activity, from payments to securities, will eventually move onto networks that operate continuously rather than within traditional market hours.