Solana Company builds high-speed network in Asia to attract institutional investors - Crypto Economy

2026-02-23 22:04:29

TL;DR

Solana Company builds Pacific Backbone, a low-latency network in Asia.
Services include staking, validation, and trading tools for traditional firms.
Shares drop 13% amid broader cryptocurrency market downturn.

Solana Company announced the start of construction on “Pacific Backbone,” a low-latency infrastructure network connecting major financial centers in Asia-Pacific. The project aims to provide staking, validation, and trading services on the Solana blockchain, with a clear focus on growing institutional demand.

The network will link Seoul, Tokyo, Singapore, and Hong Kong through a high-performance cluster. The company designed this infrastructure to reduce response times and improve reliability for Solana operations. Direct beneficiaries include market makers, high-frequency funds, and traditional financial entities beginning to explore digital assets.

The plan to attract traditional finance

Solana Company detailed that the project starts immediately with performance optimization tasks. The first products will be ready within 12 to 18 months. The firm plans to launch decentralized finance tools, liquid staking solutions, automated market makers, and execution services designed specifically for traditional firms.

Joseph Chee, CEO of Solana Company, stated that the expansion prepares the ground for what he called Solana’s “next super cycle.” The initiative also seeks to reduce dependence on external providers and offer a structure that meets regulatory requirements in the markets where it will operate.

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Solana currently processes more than 3,500 transactions per second and maintains millions of daily active wallets, according to company data. Solana Company holds 2.3 million SOL in its treasury, equivalent to more than $180 million, making it the second-largest corporate holder of the cryptocurrency.

Solana Company shares recorded a 13.3% drop in today’s trading session, standing at $1.76. The decline occurs amid a widespread cryptocurrency market downturn. Solana fell nearly 6% in the last 24 hours, while Bitcoin lost more than 4%. The company did not respond to requests for comment at the time of publication.

SOL-4,99%

BTC-5,01%

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