HSDT Teams Up with Helius and Twinstake to Enhance SOL Staking

TLDR

• Solana Company has partnered with Helius and Twinstake to enhance its staking services for SOL tokens.
• Helius, the largest Solana validator, will assist in staking SOL, representing 3.44% of the total staked supply.
• Twinstake ranks 12th among Solana validators and will contribute 1.37% of the total staked supply.
• The partnership with Helius and Twinstake aims to strengthen the resilience and decentralization of the Solana network.
• Following the announcement, Solana Company’s stock rose by 9.76%, reaching a market cap of $276 million.

Solana Company, trading under HSDT on Nasdaq, has announced a partnership with Helius and Twinstake. This collaboration focuses on upgrading its staking infrastructure. The partnership will help Solana stake its SOL tokens directly through Anchorage Digital Bank’s custody.

Helius Joins Solana Company for Staking Services

Helius, the largest Solana validator, will assist the Solana Company with staking its SOL tokens. Helius currently holds over 14 million SOL, representing 3.44% of the total staked supply. As the top validator, Helius brings a proven track record to the partnership.

Joseph Chee, Executive Chairman of Solana, highlighted the significance of this collaboration. “By staking with industry leaders like Helius, we are enhancing the operational backbone of our holdings,” he stated. Helius’ role will help increase Solana’s contribution to the network’s decentralization and resilience.

The Solana Company’s decision to partner with Helius aligns with its strategic goals. Helius’ expertise will bolster the company’s staking capabilities. With Helius on board, Solana anticipates strengthening its position within the Solana ecosystem.

Twinstake Complements Helius’ Role in Staking

Twinstake, ranked 12th in the Solana network for staking, will also play a critical role. Twinstake holds over 5.6 million SOL, accounting for 1.37% of the total staked SOL supply. This addition supports Solana’s aim to diversify and enhance its staking strategy.

Twinstake’s involvement complements Helius’ leadership in the staking process. Both providers rank among the top 25 validators in the Solana network. The partnership ensures a secure, compliant, and scalable staking experience for the Solana ecosystem.

According to Cosmo Jiang, General Partner at Pantera Capital, the partnerships reinforce institutional-grade execution.

The collaboration with Helius and Twinstake is an essential step for Solana Company’s long-term growth.

Solana Company Sees Positive Market Reaction

Following the announcement, Solana Company’s stock rose 9.76% to $6.84 per share. This increase pushed the company’s market cap to $276 million. The firm currently holds 2.2 million SOL, valued at $421 million.

The market has reacted positively to the news of the strategic stakeholder partnership. Investors are optimistic about the future potential of the Solana network. The addition of Helius and Twinstake ensures that Solana will benefit from top-tier validators in the ecosystem.

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