Hong Kong Names Nasdaq-Listed Solana Company (HSDT) a Strategic Enterprise
Key Takeaways
- •Hong Kong designated Nasdaq-listed Solana Company (HSDT) as a strategic enterprise under the Office for Attracting Strategic Enterprises (OASES), making it the only blockchain infrastructure firm onboarded by the office in 2026.
- •The company was selected in the seventh batch of the program, which with 18 new entrants confirmed last now totals 142 participating enterprises.
- •The designation provides the firm with a single point of contact across government agencies and regulators, expedited recruitment pathways for overseas talent, and introductions to local institutional partners.
- •Solana Company operates staking and validator infrastructure, advises financial institutions on blockchain adoption, and holds Solana (SOL) as part of its digital asset treasury strategy.
- •The company plans to establish validator operations in Hong Kong under Pacific Backbone, an initiative to build a low-latency blockchain infrastructure network across the Asia-Pacific region.
Hong Kong Names Nasdaq-Listed Solana Company (HSDT) a Strategic Enterprise
Hong Kong has designated Nasdaq-listed Solana Company (HSDT) as a strategic enterprise under a government program aimed at attracting businesses that support the city's economic development.
The company said Thursday that it was among the seventh batch of businesses selected by Hong Kong's Office for Attracting Strategic Enterprises (OASES) and was the only blockchain infrastructure company onboarded by the office in 2026. The government confirmed last week that 18 enterprises were added to the program, bringing the total number of participating companies to 142. The onboarding gives the crypto sector a concrete example of Hong Kong's strategic-enterprise net extending to digital asset infrastructure operators, a category the city now counts within its strategically important business base.
OASES was established in 2023 to attract innovative businesses in sectors the city considers strategically important, including fintech, and provides designated firms with tailored support as they establish or expand operations in Hong Kong.
A Solana Company spokesperson told Cointelegraph that the designation gives the company a single point of contact across government agencies and regulators, expedited pathways for recruiting overseas talent, and introductions to local institutional partners. For a firm running staking and validator infrastructure across borders, regulatory access, specialized hiring, and institutional relationships are the practical building blocks of expanding into a new jurisdiction, and the company says the designation packages all three.
Solana Company operates staking and validator infrastructure and advises financial institutions on blockchain adoption. The firm also holds Solana (SOL), the native token of the proof-of-stake Solana network, as part of its digital asset treasury strategy, an approach that has been adopted by a growing number of publicly listed companies.
The company said it plans to establish validator operations in Hong under Pacific Backbone, an initiative to build a low-latency blockchain infrastructure network across the Asia-Pacific region. The Hong Kong validator rollout is the near-term development to watch, since it is where the designation's promised support — a single government contact, faster talent pathways, and local institutional introductions — would meet the company's stated build-out plans.
