Solana Company "aims to secure at least a 5% stake"

Uk Jin

Summary

Solana Company said it aims to secure at least a 5% stake in Solana.
Solana Company announced plans to pursue a Hong Kong listing, and said that if it meets market capitalization and regulatory requirements, it could list within six months.
Chairman Ji explained that DAT is an alternative for financial institutions to directly managing wallets or purchasing exchange-traded funds (ETFs), and that the coins held per share steadily increase.

Solana (SOL) financial firm Solana Company said its goal is to to secure at least 5% of the stake. Solana Company is a Solana reserve firm formed as a joint venture between Summer Capital and Pantera Capital.

On the 9th (Korean time), according to Hong Kong New Economy Tracker, Joseph Ji, chairman of Solana Company, said, "The goal is to secure at least 5% of Solana."

He also said there are plans to pursue a Hong Kong listing. He said, "If market capitalization and regulatory requirements are met, the second listing venue will be Hong Kong," adding, "We can meet the requirements in as soon as six months."

Chairman Ji explained, "DAT is a funding infrastructure that financial institutions can choose instead of directly managing wallets or purchasing exchange-traded funds (ETFs)," and added, "It is a structure in which share issuance and coin purchases are repeated, so the coins held per share steadily increase."

SOL