Solana Company has initiated a project to build staking infrastructure across Asia-Pacific, enhancing its ecosystem and service offerings.
Solana Company has launched a new initiative named Pacific Backbone to establish advanced staking infrastructure within the Asia-Pacific region. This project aims to enhance the efficiency of the Solana ecosystem by creating a low-latency network connecting major cities like Seoul, Tokyo, Singapore, and Hong Kong.
The company plans to begin by deploying several small nodes to ensure both security and efficiency, before expanding its network. A key focus will be on servicing market makers, high-frequency traders, exchanges, and other financial institutions.
Modern technological equipment needed for this endeavor is set to be acquired and installed in the latter half of 2026, with new offerings expected to roll out in the next 12 to 18 months. The infrastructure will not only facilitate staking but will also support the development of decentralized finance (DeFi) services, liquid staking, automated market makers (AMM), RPC services, and order execution services.
“We are preparing for the next supercycle of Solana. By creating Pacific Backbone, we can better support our ecosystem and attract new financial and tech partners in the region,” stated CEO Joseph Chi.
Currently, Solana Company is the second-largest corporate holder of SOL tokens with approximately 2.3 million units, valued at about $180 million. This comes after a significant financial strategy shift last September when the company, previously known as Helius Medical Technologies, raised $500 million from investors including Pantera Capital and Summer Capital.
Despite these developments, Solana's stock has seen a steep decline, falling 72% since September, and its market capitalization now stands at $73.6 million. Additionally, the number of active validators on the Solana network has dropped to 800, the lowest count since 2021.
