Holding nearly $200 million in SOL, The Solana Company plans to expand tokenization services in Hong Kong

Odaily reports: Listed digital asset treasury company The Solana Company holds 2.2 million SOL, worth nearly $197 million, and plans to expand its tokenization services platform in Hong Kong, potentially growing its local team to 30 people to serve local banks. Hong Kong has already designated tokenization as a key priority for fintech development.

Joseph Chee, Chairman and CEO of The Solana Company, stated that the Asia-Pacific region represents Solana's biggest opportunity. The company plans to build infrastructure and provide tokenization services in Hong Kong, and may assess market demand after six months.

The Hong Kong government's Office for Attracting Strategic Enterprises (OASES) has listed The Solana Company as a strategic enterprise in its seventh batch. The Hong Kong Monetary Authority has approved HSBC and Anchorpoint to launch a Hong Kong dollar stablecoin, with the latter planning to provide native token issuance and redemption services on the Solana blockchain; local regulators have approved 17 tokenized retail products with assets under management reaching $1.3 billion, up more than one-third from last year. (Bitcoin.com News)