The Solana Company, a publicly traded Digital Asset Treasury holding 2.2 million SOL (valued at $197 million at current prices), is expanding its tokenization services into Hong Kong after earning strategic enterprise status from the government.
Chairman and CEO Joseph Chee told SCMP that Asia-Pacific represents "the biggest opportunity for Solana." The company will build infrastructure and advisory services for tokenization processes, with plans to grow its Hong Kong headcount to 30 people if market demand sustains over the next six months.
Hong Kong regulators have greenlit 17 tokenized retail products with $1.3 billion in assets under management—a gain of more than one-third from the prior year. Chee acknowledged the runway is still early: most major Hong Kong financial institutions are only now evaluating or launching tokenization projects, whereas the U.S. is "moving a lot faster" with regulatory approvals for stock tokenization venues.
The Solana Company functions as a Digital Asset Treasury for the Solana ecosystem, accumulating SOL to maximize per-share value through capital market activities and blockchain engagement. Chee stated Hong Kong would become "the base from which we will advise institutions and build infrastructure across the region."
The Hong Kong Monetary Authority has approved HSBC and Anchorpoint to launch Hong Kong dollar stablecoins. HSBC has already deployed its stablecoin for everyday payments, while Anchorpoint plans native token issuance and redemption on the Solana blockchain, directly aligning with The Solana Company's infrastructure play.
