According to the company’s press release, Solana Company will build a low-latency APAC backbone linking Seoul, Tokyo, Singapore, and Hong Kong, with product launches in 12–18 months to serve institutional staking and trading.
Solana Company (HSDT) announced via press release it will develop the “Pacific Backbone,” a low-latency infrastructure connecting Seoul, Tokyo, Singapore, and Hong Kong to support Solana staking, validator, and trading services. Targeting institutional demand across Asia-Pacific, the buildout begins immediately, with performance optimization and product launches—including DeFi tools, liquid staking, automated market makers, and execution services—planned over the next 12–18 months. The initiative aims to reduce reliance on external providers, lower latency, and provide compliant infrastructure for regulated markets. CEO Joseph Chee said the expansion prepares for Solana’s “next super cycle.” The firm said Solana processes over 3,500 transactions per second and has “millions” of daily active wallets. Solana Company reported a 2.3 million SOL treasury (over $180 million), describing itself as the second-largest Solana treasury firm. Shares fell 13.3% to $1.76 during a broader market decline; SOL dropped nearly 6% and BTC more than 4% in the past 24 hours.