The Solana Company (HSDT) said it plans to build a high-speed infrastructure network across the Asia-Pacific region to support the growth of the Solana blockchain and diversify its revenue streams.
The initiative, dubbed “Pacific Backbone,” will connect Seoul, Tokyo, Singapore and Hong Kong with a low-latency cluster designed to support staking, validation and trading services on Solana.
The move targets institutional demand across the region, which has become a hotspot for crypto adoption, cross-border payments and digital asset development.
The build is intended to make Solana’s infrastructure more accessible and reliable for market makers, high-frequency traders and financial institutions, according to a press release.
The company said the project will begin immediately, with performance optimization and additional product launches expected over the next 12 to 18 months. These include DeFi tools, liquid staking, automated market makers and execution services tailored to traditional finance firms entering the space.
Joseph Chee, CEO of Solana Company, said the expansion will help prepare for what he called Solana’s “next super cycle.”
The goal is to reduce dependence on external service providers, reduce latency and provide a compliant infrastructure that meets institutional requirements in regulated markets.
Solana, the firm said, processes over 3,500 transactions per second and supports millions of daily active wallets. The Solana Company is currently the second largest Solana treasury company with 2.3 million SOL, or over $180 million, in its treasury.
Solana Company shares are down 13.3% in today’s trading session to $1.76, amid a broader decline in the cryptocurrency market. Solana itself is down almost 6% in the last 24-hour period, while BTC is down more than 4%.
CoinDesk has reached out to Solana Company for comment, but has not heard back at the time of writing.
