Moneygram Enters Solana’s Validator Set
The Dallas-based global payments company announced the move on Monday, marking its first direct participation at the protocol level of any public blockchain network. Moneygram is now staking SOL, processing blocks, and contributing to network consensus alongside other institutional validators.
The company also joined Solana Developer Platform, an AI-ready, API-driven environment built for institutions designing and scaling compliant financial products on Solana. Mastercard is among the early adopters on the platform alongside Moneygram.
“Running a validator puts Moneygram inside Solana’s consensus,” said Luke Tuttle, Moneygram’s Chief Product and Technology Officer. “We stake Solana, process transaction blocks and help secure the network at the protocol level. We help run the rails we move money on.”
Five Years in the Making
Moneygram has been integrating blockchain technology into its payment infrastructure for more than five years. The company describes stablecoin utilization as running through treasury operations, product development, and payments, with fiat and stablecoin systems operating in a format designed to be agnostic at the systems level.
Becoming a validator and joining the developer platform represents the next layer of that commitment, according to the company.
“Moneygram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation,” said Anthony Soohoo, Moneygram’s Chairman and CEO. “We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access.”
Soohoo added that building that future requires compliance, regulatory clarity, and operational scale, all of which he says Moneygram brings to the table.
Institutional Validator Composition
The Solana Foundation highlighted the significance of having a payments operator of Moneygram’s scale participating at the protocol level.
“Moneygram’s decision to launch a validator on Solana and join Solana Developer Platform reflects a commitment to the Solana ecosystem,” said Sheraz Shere, GM of Payments and Commerce at the Solana Foundation. “Players like Moneygram, with global scale and experience serving customers across markets, are engaging with Solana as more payments activity moves onchain.”
Scale and Reach
Moneygram currently serves more than 60 million active customers globally through nearly half a million retail locations and a digital ecosystem that reaches billions of devices. The company has operated for more than 85 years in the global payments space.
The validator move positions Moneygram at the infrastructure layer of the Solana network rather than as an application-level participant, a distinction the company emphasized in framing its long-term strategy around open, interoperable payment rails.
