Hong Kong Names Nasdaq-listed Solana Company Strategic Enterprise
Hong Kong has named Nasdaq-listed Solana Company (HSDT) a strategic enterprise under a government program aimed at attracting businesses that support the city’s economic development.
Solana Company, which operates staking and validator infrastructure and advises financial institutions on blockchain adoption, expressed its excitement about the designation. It offers advantages such as:
- A single point of contact across government agencies and regulators.
- Expedited pathways for recruiting overseas talent.
- Introductions to local institutional partners.
The company plans to establish validator operations in Hong Kong as part of the Pacific Backbone initiative, a low-latency blockchain infrastructure network across the Asia-Pacific region.
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Solana (SOL) is held as part of the company's digital asset treasury strategy.
Hong Kong’s government confirmed the addition of 18 enterprises to the strategic enterprise program last week, bringing the total to 142.
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