• Solana Company launches “Pacific Backbone” to build low‑latency network across Seoul, Tokyo, Singapore, Hong Kong. • Infrastructure supports staking, validation, and trading, targeting institutional demand in Asia‑Pacific crypto market. • Project includes DeFi tools, liquid staking, automated market makers, and execution services for traditional finance firms. • Performance optimization and product launches slated within 12‑18 months to boost Solana’s next super cycle. • Low‑latency cluster aims to reduce reliance on external services, improving reliability for market makers and HFTs. • CEO Joseph Chee emphasizes expansion will prepare Solana for institutional adoption and cross‑border payment growth.
Article Summaries:
- Solana Company (HSDT) announced plans to launch the “Pacific Backbone,” a low‑latency infrastructure network linking Seoul, Tokyo, Singapore and Hong Kong. The project aims to support staking, validation and trading on Solana, targeting institutional investors in the Asia‑Pacific region. Within 12-18 months the company expects to roll out DeFi tools, liquid staking, automated market makers and execution services tailored to traditional finance firms. CEO Joseph Chee said the buildout will prepare Solana for a “next super cycle” and reduce reliance on external providers. The announcement came as Solana Company’s shares fell 13.3% amid a broader crypto market pullback.
Sources: