Solana Company (NASDAQ: HSDT) announced plans Monday to construct a high-speed infrastructure network spanning the Asia-Pacific region, aiming to bolster the Solana blockchain’s capacity and diversify its revenue streams. The initiative, dubbed the “Pacific Backbone,” will establish a low-latency connection between key financial hubs – Seoul, Tokyo, Singapore, and Hong Kong – to support staking, validation, and trading activities within the Solana ecosystem.
The project is strategically focused on capturing growing institutional demand in Asia, a region experiencing rapid adoption of cryptocurrency, cross-border payment solutions, and digital asset technologies. According to a company press release, the Pacific Backbone is designed to enhance accessibility and reliability for market makers, high-frequency traders, and traditional financial institutions considering entry into the digital asset space.
Solana Company CEO Joseph Chee stated the expansion is intended to position the company for what he described as Solana’s “next super cycle.” The buildout will prioritize reducing reliance on third-party service providers, minimizing latency, and establishing a compliant infrastructure capable of meeting the regulatory requirements of institutional investors in regulated markets.
The company highlighted Solana’s existing capabilities, noting its capacity to process over 3,500 transactions per second and support millions of daily active wallets. Solana Company currently holds the second-largest Solana treasury, comprising 2.3 million SOL, valued at over $180 million as of Monday, according to the company.
The announcement comes as the broader cryptocurrency market experiences a downturn. Shares of Solana Company fell 13.3% in trading Monday, closing at $1.76. Solana (SOL) itself declined nearly 6% in the last 24 hours, while Bitcoin (BTC) dropped by more than 4% during the same period.
The Pacific Backbone project is slated to begin immediately, with performance optimization and the launch of new products anticipated within the next 12 to 18 months. These forthcoming offerings will include decentralized finance (DeFi) tools, liquid staking solutions, automated market makers, and execution services specifically tailored for traditional finance firms, the company stated.
According to Stocktwits, an executive chairman of HSDT believes Solana’s next crypto supercycle could begin in Asia. CoinDesk reached out to Solana Company for further comment but had not received a response at the time of publication.
