Nasdaq-listed Solana Company (HSDT) has been selected by Hong Kong's Office for Attracting Strategic Enterprises (OASES) as a strategic enterprise under a government programme aimed at attracting businesses that support economic growth, as the city moves to expand its digital asset and blockchain infrastructure sector.

The company, the only blockchain infrastructure firm selected in the programme in 2026, plans to establish Solana validator operations in Hong Kong under its Pacific Backbone initiative, an effort to build a low-latency blockchain network across the Asia-Pacific region. Locating validator operations in Hong Kong places the planned network's infrastructure within the region it is designed to serve.

The designation provides support for engagement with government agencies and regulators, overseas recruitment, and partnerships with local institutions — channels that connect the Nasdaq-listed firm directly with Hong Kong authorities as it builds out its Asia-Pacific footprint.

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. Validators are a core component of proof-of-stake networks such as Solana, where they process transactions and help secure the network.

Hong Kong added 18 enterprises in the latest selection round, bringing the total number of companies under the programme to 142. OASES was set up in 2023 to attract strategic enterprises in targeted sectors, including financial technology, artificial intelligence, and advanced manufacturing, that contribute to the city's long-term economic development.

The move comes as Hong Kong advances efforts to strengthen its position as a regional digital asset hub through regulatory initiatives and on-chain financial infrastructure. Recent developments in the sector include the Hong Kong Monetary Authority's granting of its first stablecoin licenses to HSBC and AnchorPoint. Upcoming OASES selection rounds and the progress of the planned validator operations are the next developments to watch in the city's digital asset buildout.

Source: BitcoinKE