Solana
A high-performance blockchain platform known for fast transaction speeds (400ms finality) and low fees, used by Sails.to for issuing CrossSecurities.
Full Definition
Solana is a Layer 1 blockchain designed for speed and scalability, capable of processing thousands of transactions per second with sub-second finality. Its low transaction costs (fractions of a cent) and fast confirmation times make it well-suited for CrossSecurities operations that require frequent on-chain actions like dividend distributions, cap table updates, and compliance checks. Sails.to chose Solana for its combination of performance, cost-efficiency, and growing institutional adoption.
Why It Matters
When you have a cap table with thousands of investors and need to distribute dividends quarterly, blockchain fees matter. On Ethereum, this could cost hundreds of dollars in gas. On Solana, it's pennies.
Solana's speed also enables real-time compliance enforcement. Every transfer can be checked against smart contract rules in milliseconds, not minutes. Combined with our CrossConversion to Clearstream, Solana gives us the best of both worlds: on-chain efficiency and institutional credibility.