Sharps Technology partners with Coinbase… expands Solana-based digital asset management

U.S. medical device company Sharps Technology (Sharps Technology) said it has entered into a strategic partnership with Coinbase (Coinbase) and will expand its Solana (SOL)-focused Digital Asset Treasury Strategy (Digital Asset Treasury Strategy).

On the 9th (local time), according to PR Newswire, Sharps Technology said, "We plan to further enhance our digital asset strategy based on Coinbase's institutional-grade infrastructure and liquidity." The company has secured more than 2 million SOL tokens to date, which amounts to about $400 million (568 billion won) at market value.

James Zhang (James Zhang), strategic advisor to Sharps Technology, said, "Coinbase is an ideal partner for the spread of decentralized finance (DeFi)," and added, "Based on institutional-level security, deep liquidity, and competitive pricing, efficient asset management will become possible."

Under this cooperation, Sharps Technology will utilize Coinbase Prime's custody infrastructure and over-the-counter (OTC) desk services. The company said it will use this to increase the stability of digital asset management and expand participation in global markets within regulated infrastructure.

Meanwhile, Sharps Technology is a company listed on the U.S. Nasdaq and pursues a digital asset–based management strategy alongside medical device sales. Although Sharps Technology is a medical device sales and distribution company, it is pursuing revenue generation within the Solana ecosystem by leveraging capital market financing.