Solana Company (NASDAQ: HSDT) has started building new infrastructure in Asia and the Pacific region to support Solana Staking and Validators. This move is significant, as it is the company’s first direct network rollout in Asia’s key financial centers and marks its move toward operational growth.
Solana has named its new infrastructure project “Pacific Backbone.” The new infrastructure will connect key cities like Seoul, Tokyo, Singapore, and Hong Kong. The company said that its network will offer high speeds and low latency. The announcement was made on Monday, February 23.
The new project aims to enhance Solana Staking and Validators for its Asia-based users. The company’s backers claim that this new move could help minimize operational costs. For trading companies and their ecosystem, this new upgrade is anticipated to increase network reliability.
Pantera Capital Backs Solana’s Regional Staking Push
Cosmo Jiang, general partner at Pantera Capital Management, has commented on the strategy. He said the company sees an opportunity to improve Solana staking and validation across Asia.
Jiang also stated that this strategy could help diversify revenue streams. Pantera and Summer Capital co-led a fundraising round of more than $500 million that launched Solana Company in September.
The firm was initially introduced as a treasury-focused vehicle for the network. The firm later expanded its scope of operations to invest in other Solana-related activities. Project Backbone is intended to bridge gaps in the APAC region.
According to the statement, the company will use advanced hardware to improve network efficiency. The infrastructure aims to assist market makers and high-frequency traders. The improved efficiency may help unlock more value within the staking operations.
The company is also looking forward to improving decentralized finance services in Asia-Pacific. The services will include liquid staking, automated market makers, RPC services, and execution services. The services will target traditional finance partners looking to enter the Solana ecosystem.
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Company Begins Buildout and Expands Access
Construction of the network will begin immediately. Optimization of performance and new technology integration will begin in the second half of 2026. Liquidity-related services and products will be introduced within 12-18 months.
Earlier this month, the company partnered with Anchorage Digital and Kamino. The joint venture enables institutions to borrow against natively staked SOL. The assets are kept in custody. The partnership is designed for institutional participants seeking staking exposure.
The company has held more than 2.2 million SOL since it started buying tokens in October. This makes the company the second-largest publicly traded company holding SOL tokens. Public company staking positions have held steady despite market retracement.
HSDT shares fell by 8.3% on Monday. Other cryptocurrency-related stocks also fell. For instance, Coinbase fell more than 3%, while Bitmine fell more than 4%, according to CoinMarketCap data. Prenetics reported a loss of more than 7%.
HSDT has lost more than 90% since pivoting its strategy towards Solana in September. The company still maintains its neurotechnology and medical device businesses, alongside its blockchain expansion.
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