Solana Company (HSDT) announced plans to build a high-speed infrastructure network in the Asia-Pacific region to support the growth of the Solana blockchain and diversify its revenue streams.
The initiative, called “Pacific Backbone,” will connect Seoul, Tokyo, Singapore and Hong Kong to 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 project aims 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 would begin immediately, with performance optimization and additional product launches expected in the next 12 to 18 months. These include DeFi tools, liquidity staking, automated market makers, and execution services tailored to traditional financial companies 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 aim is to reduce reliance on external service providers, reduce latency and provide compliant infrastructure that meets the institutional requirements of regulated markets.
Solana, the company said, processes more than 3,500 transactions per second and supports millions of daily active wallets. Solana Company is currently the second largest Solana Treasury company, with 2.3 million SOL, or over $180 million, in its treasury.
Shares of Solana Company fell 13.3% during today’s trading session to $1.76, amid a broader decline in the cryptocurrency market. Solana itself is down almost 6% in the past 24 hours, while BTC is down over 4%.
CoinDesk reached out to Solana Company for comment but did not receive a response as of this writing.
