**[Publicly Listed Solana Company to Support Kazakhstan's $6 Billion Crypto Supercity Development]** BlockBeats News, June 30: Nasdaq-listed crypto asset management company Solana Company has signed a memorandum of understanding with Alatau City in Kazakhstan to assist in building the city's blockchain and crypto infrastructure. This collaboration stems from roadshows held in Shenzhen and Hong Kong in June, during which 30 cooperation agreements were reached, with a potential total investment exceeding $6 billion. The partnership will cover four key areas: digital asset custody, blockchain infrastructure, institutional adoption acceleration, and platform development. Solana Company will also participate in the establishment of the Alatau crypto industry cluster—a pilot economic zone allowing daily crypto transactions. Previously, Kazakhstan collaborated with the Solana Foundation to establish Central Asia's first Solana Economic Zone in the capital city of Astana. Last week, Kazakhstan's stock exchange also launched its first Solana ETF. Alatau City is part of the smart city vision proposed by Kazakhstan's President Tokayev in May 2024, which includes plans for low-altitude aircraft, robotic taxis, and a hydrogen-powered economy. However, the project faces practical challenges: Kazakhstan's central bank and financial regulators have expressed concerns about constitutional amendments required to support the crypto economy. Independent media reports also indicate that local residents currently face shortages in basic infrastructure such as gas, water, electricity, and internet access. [Original Link]