The buildout will roll out immediately, with performance optimization and new product launches scheduled over the next 12 to 18 months.
Solana News
Solana Company has announced plans to build a dedicated low-latency network it calls the "Pacific Backbone," connecting Seoul, Tokyo, Singapore, and Hong Kong to support Solana staking, validation, and trading services across the region.
The project targets institutional participants, including market makers, high-frequency traders, and traditional finance firms that have been entering the crypto space across Asia-Pacific, an area the company identified as a growing hub for digital asset adoption and cross-border payments.
The buildout will roll out immediately, with performance optimization and new product launches scheduled over the next 12 to 18 months. Planned additions include DeFi tools, liquid staking, automated market makers, and execution services built specifically for regulated financial institutions.
Joseph Chee, CEO of Solana Company, framed the expansion as preparation for what he called Solana's "next super cycle." The stated goals include reducing dependence on third-party service providers, cutting latency, and meeting compliance requirements in regulated markets.
Solana Company currently holds 2.3 million Solana, valued at over $180 million, making it the second-largest Solana treasury firm. The Solana network processes over 3,500 transactions per second and supports millions of daily active wallets, according to the company.
Shares of Solana Company (HSDT) dropped 13.3% to $1.76 on Monday amid a broader market pullback. Solana itself declined close to 6% in the prior 24-hour period, while Bitcoin fell more than 4% over the same window.
The Pacific Backbone initiative reflects a broader effort by Solana-focused firms to build proprietary infrastructure ahead of anticipated institutional demand, rather than relying on shared or external network providers already operating in the region.
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