Privy and MAJORITY bring digital asset accounts to Solana
Announced at Solana Accelerate, bringing a new foundation for global financial products to production
Debbie Soon
|May 6, 2026
Explore the docs to learn more about digital asset accounts, or reach out to sales@privy.io if you’re building modern financial products.
⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯
At this year’s Solana Accelerate, Privy COO Max Segall and MAJORITY Cofounder and CEO Magnus Larsson shared a simple but important idea: the next generation of financial products is already being rebuilt on new rails, not as crypto apps, but as better banking.
An inflection point for stablecoin adoption
“We’re at an inflection point,” Segall opened.
Privy now powers more than 120 million accounts across 180+ countries, and a clear pattern is emerging. Some of the most important financial products, including remittances, payments, and digital banking, are quietly moving onto stablecoin infrastructure.
Stablecoins have grown from 20% to 70% of assets held across Privy wallets year over year. Not for crypto’s sake, but because they enable something fundamentally better: cheaper, faster, and programmable money movement.
Solving real-world problems
Few companies see this shift more directly than MAJORITY.
MAJORITY serves internationals living in the U.S., a population defined by cross-border connection. Each customer is connected to multiple people back home, and that dynamic has driven real scale: more than a million users and over $1 billion moved to Latin America.
And yet, the experience remains broken. Sending money across borders is still slow, expensive, and opaque. Settlement takes time, fees stack up across intermediaries, and systems do not connect cleanly.
“Our customers don’t care about crypto or blockchain,” Larsson said. “They care about sending money safely, quickly, and cheaply.”
Making it easier to build on crypto rails
For years, delivering that experience meant working around the limitations of traditional rails. What has changed is that teams can now solve the problem at the root.
“We’re finally seeing infrastructure that makes this possible,” Segall said. “You can rebuild familiar financial products, including accounts, cards, and payments, on top of wallets and stablecoins instead of legacy systems. And users never have to think about it. They just get a better product.”
That idea led to digital asset accounts, introduced last week at Stripe Sessions. Rather than stitching together wallets, custody, and movement across fragmented systems, digital asset accounts give developers a unified way to hold, move, and grow funds globally. This abstracts away blockchain complexity while remaining flexible across chains and payment methods.
Today, Privy is bringing that model to Solana and into production with partners like MAJORITY.
Enabling quicker geographic expansion
For MAJORITY, this shift is already underway. “This isn’t theoretical,” Larsson said. “We are actively moving parts of our system onchain.”
The goal is simple: global money movement that feels instant and close to free. Just as VoIP reshaped telecom, stablecoins are beginning to reshape how money moves.
That shift is already enabling expansion. MAJORITY is launching in Mexico and Colombia this April, extending its reach across the Americas and continuing its mission to serve the billion people who live across borders.
Behind the shift, and what’s next
This moment is the result of several forces converging. Regulatory momentum is building across the US and Latin America. Infrastructure has matured, with high-performance chains like Solana supporting real-world scale. Critically, user experience has improved to the point where blockchain can disappear entirely into the product.
Neobanks are leading this transition because they are already built to rethink financial services from the ground up. They abstract complexity, own the customer relationship, and move quickly. This is not about adding crypto features. It is about replacing the backend.
As this model scales, money will move differently. Transfers will settle instantly, currency will become invisible to the user, and value will shift from movement itself to how efficiently it is routed.
The next generation of financial products is already here, and teams like Privy and MAJORITY are excited to be building them on Solana.