MoneyGram said it is now operating a validator node on Solana, taking on a direct role in transaction validation and network maintenance. The company framed the move as part of a broader blockchain expansion tied to its effort to modernize global cross-border payments through on-chain infrastructure.
Running a validator node on Solana
In Solana’s proof-of-stake model, validators are responsible for checking transactions and helping secure the network. MoneyGram said its new role involves confirming transactions on-chain and supporting the continuity and reliability of the blockchain. That is a technical function, but it also carries strategic weight. For a payments company with legacy roots, running a validator means participating in the operation of the network itself rather than only building services on top of it.
MoneyGram has also joined the Solana Developer Platform, which offers institutions tools and integrations for building financial applications on Solana. The company’s entry places it closer to the institutional buildout taking shape around the network and matches its recent push to integrate blockchain rails into payment products.
CEO ties new services to blockchain infrastructure
CEO Anthony Soohoo said MoneyGram has spent several years integrating blockchain technology into its payment infrastructure and that all new services being developed today are built on that foundation. The comment points to a longer-term operating shift. Blockchain is no longer presented as an experimental channel, but as part of the base layer for new product development.
MoneyGram also said the Solana move is not limited to a single-chain approach. The company continues to operate across multiple blockchains that support digital payments, keeping a multi-chain structure in place across its services. Solana is the latest addition, not the only one.
Stablecoin and validator efforts are moving in parallel
The Solana announcement follows MoneyGram’s recent launch of its own stablecoin, MGUSD, on the Stellar blockchain. The asset was introduced in partnership with Stripe through the Bridge platform. Taken together, these steps show the company building out both its payment infrastructure and digital asset strategy across different networks.
In recent years, MoneyGram has put a strong focus on blockchain-based remittance and settlement services. The launch of MGUSD marked what the company described as a new chapter in that plan. According to its statements, open and interoperable stablecoin networks could expand access to remittance services on a global scale. Soohoo also said MoneyGram believes the future of global money movement will be built on open, interoperable stablecoin infrastructure with universal access.
Outside Solana, the company recently joined the payments-focused blockchain network Tempo as an anchor validator. With the latest node deployment on Solana, MoneyGram is widening its infrastructure footprint while continuing to build around validator participation and stablecoin development at the same time.