Solana Corporation (HSDT) said it plans to build a high-speed infrastructure network in the Asia-Pacific region to support the growth of the Solana blockchain and diversify revenue streams.
Dubbed the “Pacific Backbone,” the plan will connect Seoul, Tokyo, Singapore, and Hong Kong via a low-latency cluster and is designed to support staking, verification, and trading services on Solana.
The move targets institutional demand in the region, which has become a hotspot for cryptocurrency adoption, cross-border payments and digital asset development.
The expansion is designed 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 start immediately, with performance optimization and additional product launches expected over the next 12 to 18 months. These include DeFi tools, liquidity staking, automated market makers, and execution services tailored for traditional financial firms entering the space.
Solana CEO Joseph Chee said the expansion will help prepare for what he calls Solana’s “next supercycle.”
The goal is to reduce dependence on external service providers, reduce latency, and provide a compliant infrastructure that meets the requirements of institutions in regulated markets.
The company says Solana processes more than 3,500 transactions per second and supports millions of daily active wallets. Solana Company is currently the second largest Solana financial company with financial assets of 2.3 million SOL, or over $180 million.
Shares of Solana fell 13.3% to $1.76 in today’s trading session amid broader declines in the cryptocurrency market. Solana itself is down nearly 6% in the past 24 hours, while BTC is down more than 4%.
CoinDesk has reached out to Solana for comment but has not received a response as of this writing.