Solana Company (NASDAQ: HSDT) announced the Pacific Backbone, a low-latency infrastructure buildout focused on Asia Pacific with initial connectivity among Seoul, Tokyo, Singapore, and Hong Kong. Deployment starts immediately, with performance optimization and new technologies by 2H 2026 and liquidity-related products planned within 12–18 months.
The roadmap targets market makers, HFTs, exchanges and institutional partners, emphasizes staking and validation, and highlights Solana network metrics: ~3,500 tps, ~3.7M daily active wallets, and ~7% native staking yield.
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Positive
- APAC node rollout planned in Seoul, Tokyo, Singapore, Hong Kong
- Performance optimization targeted by 2H 2026
- Liquidity products expected within 12–18 months
- Focus on staking/validation and capturing more staking value
- Network scale: ~3500 tps and ~3.7M daily active wallets
Network expansion timeline
Second half of 2026
Target for optimizing performance and adopting new technologies
Product launch window
12 to 18 months
Anticipated timing for liquidity-related products and services
Throughput
3,500 transactions per second
Solana network processing capacity cited in release
Daily active wallets
3.7 million
Average Solana daily active wallets referenced
Transactions year-to-date
23 billion
Year-to-date transactions processed on Solana network
Native staking yield
~7%
Staking yield on SOL mentioned for institutional holders
$2.03
Last Close
Volume
Volume 293,480 is at 0.62x the 20-day average, indicating subdued trading interest pre-announcement.
low
Technical
Shares at $2.03 are trading well below the $29.31 200-day moving average, reflecting a deeply broken longer-term trend.
Sector peers show mixed moves, with HSCS up 12.10% and AMIX down 9.20%, while scanner flags the target as moving in the opposite direction. This points to company-specific crypto news rather than a medical-device sector rotation.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 13 |
Staked SOL borrowing model |
Positive |
+14.5% |
Launch of tri-party custody structure to borrow against natively staked SOL. |
| Nov 12 |
Tokenization of HSDT |
Positive |
+1.4% |
Plan to tokenize HSDT shares on Superstate’s Opening Bell for 24/7 trading. |
| Nov 05 |
Stock repurchase program |
Positive |
+11.9% |
Announcement of open-ended $100 million stock buyback to optimize SOL per share. |
| Nov 04 |
Reporting exit in Canada |
Negative |
-13.6% |
Application to cease being a reporting issuer in multiple Canadian jurisdictions. |
| Nov 03 |
Investor update & metrics |
Neutral |
-11.8% |
Investor update highlighting Solana network growth and reiterating SOL-per-share focus. |
Crypto-focused releases have often triggered large, volatile single-day reactions, with both strong gains and sharp selloffs around Solana-centric strategic updates and regulatory steps.
Over the past months, HSDT has steadily repositioned around a Solana-focused digital asset treasury. Prior crypto-tagged news includes launching a tri-party borrowing model on staked SOL, announcing tokenization of HSDT shares, and authorizing a $100 million repurchase program. Other events include Canadian reporting-exit applications and investor updates highlighting Solana network metrics. Today’s Pacific Backbone plan fits this ongoing strategy of deepening infrastructure and institutional participation in the Solana ecosystem.
+0.5%
Average Historical Move
crypto
Past crypto-tag releases showed frequent double-digit moves and strategy pivots around Solana. This infrastructure roadmap extends that Solana-centric focus, emphasizing ecosystem support rather than new capital actions or disclosures.
Crypto-tagged history shows a progression from investor updates and governance changes, to buybacks and Canada reporting-exit steps, then to tokenization of HSDT and institutional SOL structures. The Pacific Backbone roadmap continues this evolution by adding dedicated APAC infrastructure tailored to Solana trading, staking, and institutional adoption.
This announcement outlines a major Asia-Pacific infrastructure initiative, the Pacific Backbone, aimed at improving Solana staking, validation, and trading services. It builds on earlier crypto-focused moves, including institutional SOL structures and tokenization plans. Investors may focus on execution milestones over the next 12–18 months, the impact on HSDT’s diversification beyond neurotech, and how this capital-intensive roadmap interacts with the company’s existing financing and warrant obligations.
low-latency
technical
“invest in a new low-latency cluster in Asia Pacific to drive staking”
Low-latency describes a system or process that responds very quickly to information or changes, often within milliseconds. For investors, it means receiving and acting on market data almost instantly, which can provide a competitive edge in fast-moving trading environments. Think of it like a quick reflex in a game—being faster can make a difference in making timely decisions.
cross-border payments
financial
“fast-growing wealth accumulation, cross-border payments, and institutional adoption”
Cross-border payments are transfers of money between people, businesses, or banks in different countries, including wages, supplier invoices, investments, and customer purchases. They matter to investors because they affect a company’s cash flow, costs, and market access—think of them as the international pipes that move funds; if those pipes are slow, expensive, or unreliable, a company’s profits and growth can be reduced.
market makers
financial
“address needs of market makers, high-frequency traders, exchanges”
Market makers are firms or traders who always stand ready to buy and sell a stock by posting continuous bid and ask prices, acting like a store that both sells and buys the same product so customers can trade anytime. They matter to investors because they keep trades flowing and determine the bid-ask spread — which affects how quickly orders execute and how much investors pay or receive when buying or selling shares.
defi
financial
“intends to build out DeFi, liquid staking, AMMs, RPC services”
DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.
liquid staking
financial
“intends to build out DeFi, liquid staking, AMMs, RPC services”
Liquid staking is a process that allows investors to earn rewards from their staked assets while still being able to use or access those assets whenever needed. Imagine putting money into a savings account that also lets you spend or invest that money without waiting—liquid staking offers similar flexibility, making it easier for investors to benefit from their holdings without sacrificing liquidity.
AI-generated analysis. Not financial advice.
- Deployment to be focused on Asia-Pacific region to capitalize on fast-growing wealth accumulation, cross-border payments, and institutional adoption of digital assets
- Expansion planned to enable Solana Company to capture more value by eliminating external costs and providing compliant infrastructure for regulated institutions
- Strategic buildout designed to address needs of market makers, high-frequency traders, exchanges, and traditional finance partners across the Solana ecosystem
NEWTOWN, Pa., Feb. 23, 2026 (GLOBE NEWSWIRE) — Solana Company (NASDAQ: HSDT or the “Company”) today rolled out a strategic roadmap to invest in a new low-latency cluster in Asia Pacific to drive staking and validation with the focus on supporting Solana’s ecosystem building and diversifying revenue streams for Solana Company. The significant new infrastructure investment, which will start with connecting Seoul, Tokyo, Singapore, and Hong Kong, is designed to help address the significant gap in Solana’s network in the region despite the fact that the majority of the global population and crypto users, and substantial wealth are located there. The region also has significant share of global financial transactions especially in cross-border payments and trading.
Solana Company plans to begin building out the network infrastructure immediately, expanding to optimizing performance and adopting new technologies by the second half of 2026, and anticipates launching liquidity related new products and services within the next 12 to 18 months.
“The reality is, we see an opportunity to improve Solana staking and validation for users across Asia,” said Cosmo Jiang, General Partner at Pantera Capital Management. “There is so much excitement and commitment to crypto across the region. We believe this investment roadmap will be critical for anyone holding and building on Solana and we expect it to diversify our revenue.”
Specifically, Solana Company will focus on addressing the needs of market makers, high-frequency traders as well as other Solana partners. The strategic roadmap will begin by activating a series of smaller nodes to ensure security and efficiency and then scale from there. The plan includes implementing state-of-the-art hardware and potentially capturing more value within the staking business.
Joseph Chee, CEO of Solana Company (HSDT), said, “We are building for Solana’s next super cycle. By establishing the Pacific Backbone, we better support our existing ecosystem of developers and partners while accelerating the onboarding of new participants—particularly financial institutions and tech companies in the region. Together, these investments will unlock significant potential for Solana across Asia Pacific and strengthen its connection to global markets.”
In order to target mass adoption, Solana Company intends to build out DeFi, liquid staking, AMMs, RPC services, and execution services for its traditional finance partners in the APAC region.
Solana has historically been the fastest-growing blockchain, leading the industry in transaction revenue, and processing more than 3,500 transactions per second. The network is also the most widely adopted, with an average of around 3.7 million daily active wallets and surpassing 23 billion transactions year-to-date. SOL is financially productive by design, offering a ~
As an independent treasury company, HSDT’s mission is to support the growth and security of tokenized networks by serving as a long-term holder of $SOL, in addition to continuing the development of its neurotech and medical device operations.
Forward Looking Statements
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release also includes express and implied forward-looking statements regarding the Company’s current expectations, estimates, opinions and beliefs that are not historical facts. Such forward-looking statements may be identified by words such as “believes,” “expects,” “endeavors,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “should” and “objective” and the negative and variations of such words and similar words. These statements are made on the basis of current knowledge and, by their nature, involve numerous assumptions and uncertainties. Nothing set forth herein should be regarded as a representation, warranty or prediction that we will achieve or are likely to achieve any particular future result. Actual results may differ materially from those indicated in the forward-looking statements because the realization of those results is subject to many risks and uncertainties, including the risk that we may fail to complete the planned infrastructure buildout or realize the anticipated benefits of the buildout, including the ability of the Company to execute on its digital asset treasury strategy, as well as risks related to economic conditions, fluctuations in the market price of SOL, and the evolving regulatory environment, as well as other factors. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no duty to update such information except as required under applicable law.
About Solana Company
Solana Company (NASDAQ: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and onchain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth. https://www.solanacompany.co/
For additional information, follow us on:
https://x.com/Solana_Company
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Media Contact
Solana Company
ir@solanacompany.co
Pantera Capital Management LP
ir@panteracapital.com
press@panteracapital.com
Summer Capital Limited
pr@summer-cap.com
This press release was published by a CLEAR® Verified individual.
FAQ
What is Solana Company (HSDT) announcing with the Pacific Backbone on February 23, 2026?
The Pacific Backbone is a low-latency APAC infrastructure buildout connecting key cities for Solana. According to the company, it will start immediately, link Seoul, Tokyo, Singapore and Hong Kong, and support staking, validation, and institutional services.
When will Solana Company (HSDT) optimize performance and adopt new technologies for the Pacific Backbone?
Performance optimization and new technology adoption are planned by the second half of 2026. According to the company, initial deployments begin immediately with optimization efforts concentrated in 2H 2026 to improve latency and throughput.
What products and services will Solana Company (HSDT) launch after the Pacific Backbone buildout?
Solana Company expects to launch liquidity-related products and services within 12–18 months. According to the company, offerings will include DeFi, liquid staking, AMMs, RPC, and execution services for traditional finance partners in APAC.
How does the Pacific Backbone affect Solana staking and validation according to HSDT?
The buildout aims to improve staking and validation across Asia Pacific by adding low-latency nodes. According to the company, activating smaller nodes then scaling will enhance security, efficiency, and potential staking value capture.
What Solana network metrics did Solana Company (HSDT) highlight in the announcement?
The company highlighted ~3,500 transactions per second and about 3.7 million daily active wallets. According to the company, Solana processes high transaction volumes and offers a roughly 7% native staking yield.
