Amsterdam, Netherlands – October 31, 2023
Rimark, an innovator in the financial technology sector, is pleased to announce the soft launch of the Solstice Network on Friday, November 3, 2023 at the Solana Breakpoint Conference in Amsterdam, Netherlands. Under the leadership of Founder and CEO Jeremy Vaughn, Rimark’s announcement marks an important milestone for the company and industry as a whole. In advancing the trend line of blockchain in the infrastructure layer of global banking and payments, Rimark is helping drive real productivity by enabling cost reductions, operational optimization, and immutability of core banking solutions. Solstice leverages the inherent benefits of the Solana Token2022 protocol to facilitate confidential transfers, on chain memos, and interest-bearing tokens.
The Solstice Network uses blockchain technology to deliver a seamless solution that improves security, real-time payments, and bank ledger transparency. Solstice is a private and permissioned Solana network, developed through Solana Permissioned Environments. This establishes the Solstice Network as one of the first permissioned Solana networks and one of the first blockchain core banking solutions to be developed in collaboration with an L1 developer.
As an enterprise grade blockchain network, Solstice’s stability is largely defined by its underlying cloud infrastructure. Rimark has chosen Google Cloud Platform (GCP) to host the Solstice Network and is excited to be a participant in the GCP Web3 Startups program to build out their solution.
Jeremy, the visionary leader behind Rimark, expressed his enthusiasm for the Solstice Network, saying, "This is an important step in the evolution of banking technology. The Solstice Network will not only enhance the security and efficiency of bank back-office ops, but also provide end users with unparalleled transparency and confidence in their financial institution, thanks to a Solstice native block explorer, which enables users to see exactly where their funds are and how they are being leveraged by their bank 24/7.”
Rimark is positioned to establish new industry standards with the Solstice Network, and this achievement reflects the company's dedication to delivering innovation and excellence in the banking sector.
About Rimark:
Rimark is a forward-thinking fintech company based in California‘s North Bay Area. As the founder and CEO, Jeremy has propelled Rimark to the forefront of financial technology, consistently pioneering innovative solutions.
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Watch the full keynote here:
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For media inquiries and more information about Rimark and the Solstice Network, please contact:
Commercial Communications
media@rimark.io