The Solana Company holds 2.2 million SOL tokens and plans to expand its tokenization services in Hong Kong.

The Solana Company holds 2.2 million SOL tokens, worth nearly US$197 million. The company plans to expand its tokenization service platform in Hong Kong and increase its local team to 30 people to serve local banks. Joseph Chee, Chairman and CEO of The Solana Company, said that the Asia-Pacific region is Solana's biggest opportunity, and the company plans to build infrastructure and provide tokenized services in Hong Kong, and will assess market demand in six months. The Hong Kong government's Office for Attracting Strategic Enterprises (OASES) has included The Solana Company in its seventh batch of strategic enterprises. The Hong Kong Monetary Authority (HKMA) has approved HSBC and Anchorpoint to launch Hong Kong dollar stablecoins, with Anchorpoint planning to offer native token issuance and redemption services on the Solana blockchain. Local regulators have approved 17 tokenized retail products with assets under management reaching US$1.3 billion. (Source: Bitcoin.com News)