Solana Company (HSDT) is a new company that has partnered with Helius Labs, Twinstake, and Anchorage Digital to launch non-custodial staking services to its consumers.
The company also announced that it will store its own SOL assets at Anchorage Digital Bank in custody, a subsequent stage in its transition to a Solana-based treasury operation.
HSDT enhances its Solana strategy
The on-chain statistics reveal that Solana has a total of over 2.2 million SOL, which is worth approximately $396 million. The company will utilize these holdings to receive staking rewards, contribute to Solana’s governance system, and enhance its participation in the network. HSDT is expected to provide its users with safe, clear, and scaled staking services through its collaboration with Helius and Twinstake. These two providers are both in the top 25 by the number of SOL staked in their validators on the Solana network.
According to Joseph Chee, Executive Chairman of HSDT and Chairman of Summer Capital, cooperation with prominent validators enhances the company’s work efficiency. He explained that collaborating with established leaders in the ecosystem helps HSDT enhance its SOL management, while also supporting the growth of Solana.
Institutional-level staking services
Helius already manages over 13 million SOL staked on its site, and it offers institution-level staking infrastructure. The company has SOC 2 Type II-based systems to maintain the uptime, performance, and security of its customers. The regulated enterprise services of Twinstake and Anchorage Digital also increase HSDT’s exposure to the Solana validator environment.
According to board observer Cosmo Jiang, staking is a crucial component of HSDT’s yield generation and governance strategy. According to him, the partnership highlights the firm’s compliance, scalability, and network compatibility, yielding maximum returns on the chain. Mert Mumtaz, the CEO of Helius, stated that Solana could be the most scalable blockchain in capital markets, AI payments, and microtransactions, and the partnership will expedite the institutional adoption of Solana.
Move to a Solana treasury model
HSDT, previously known as Helius Medical Technologies, has reorganized its mission to enable the use of tokenized networks by providing long-term SOL holding services. The company continues to maintain its neurotechnology business as it expands its operations into the Solana ecosystem.
The company opened its treasury section on September 15, following a decline in its share value from $182.75 in June to $9.76 a month later. HSDT stock has increased by 6.55% to $6.63 following the announcement of the partnerships, despite recent volatility. The company indicated that market volatility presents an opportunity to strengthen its belief in the plan, rather than withdrawing under pressure.
The collaboration with Helius, Twinstake, and Anchorage Digital, as a part of the HSDT, is an excellent step to earn staking revenue and enhance the presence in the Solana network. Through the use of the most reputable validators and institutional-grade custody products, the company aims to align its treasury operations with the growth and security of the broader Solana ecosystem.
