Solana Company starts building high-speed infrastructure to prepare SOL for next 'super cycle'

• Solana Company is set to build the "Pacific Backbone," a low-latency infrastructure network connecting Seoul, Tokyo, Singapore, and Hong Kong to support staking, validation, and trading services.
• The initiative targets institutional demand across Asia-Pacific, offering DeFi tools, liquid staking, and execution services designed for traditional finance firms entering the crypto space.
• The project begins immediately with performance optimization and product launches expected within 12-18 months.

Solana Company (HSDT) said it plans to build a high-speed infrastructure network across the Asia-Pacific region to support the growth of the Solana blockchain and diversify its revenue streams.

The initiative, called the “Pacific Backbone,” will connect Seoul, Tokyo, Singapore and Hong Kong with 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 buildout 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 will begin immediately, with performance optimization and additional product launches expected in the next 12 to 18 months. These include DeFi tools, liquid staking, automated market makers and execution services tailored to traditional finance firms 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 goal is to reduce reliance on external service providers, reduce latency, and provide a compliant infrastructure that meets institutional requirements in regulated markets.

Solana, the firm said, processes over 3,500 transactions per second and supports millions of daily active wallets. Solana Company is currently the second-largest Solana treasury firm, with 2.3 million SOL, or over $180 million, in its treasury.

Solana Company’s shares are down 13.3% in today’s trading session to $1.76, amid a wider cryptocurrency market drawdown. Solana itself is down nearly 6% in the last 24-hour period, while BTC is down more than 4%.

CoinDesk has reached out to Solana Company for comment but hasn't heard back at the time of writing.

• Several Russian-linked crypto exchanges are still facilitating transactions for sanctioned entities, enabling users to move funds outside traditional banking channels, Elliptic said in a new report.
• The report highlights platforms such as Bitpapa, ABCeX, Rapira and Aifory Pro, which collectively have processed billions of dollars in crypto, including significant flows to already sanctioned exchanges like Garantex and Aifory Pro.
• The findings, which follow similar warnings from TRM Labs about surging illicit stablecoin use tied to Russia, underscore how crypto infrastructure continues to support sanctions evasion despite heightened regulatory scrutiny.

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.