Solana Foundation hires Binance, Polygon veterans as it ramps up tokenized finance push
- Former Binance marketing chief Rachel Conlan joins the Solana Foundation as chief strategy officer, while Polygon Labs veteran Jamal Raees will lead payments.
- The hires come as Solana courts financial institutions building with stablecoins, payments, tokenized funds and other real-world assets.
- The appointments fit President Lily Liu's “Token Supercycle” thesis that money, assets and ownership will increasingly migrate to always-on internet infrastructure.
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.
The appointments come as Solana increasingly courts traditional financial firms and positions its network as infrastructure for more than crypto trading. Stablecoin payments, tokenized funds and equities have become a bigger part of that pitch as financial institutions experiment with moving assets and settlement onto public blockchains.