tl;dr
Solana Company (HSDT) partners with Helius Labs and Twinstake to launch non-custodial staking services, aiming to boost rewards, governance participation, and network security with $396 million in SOL holdings.
**Solana Company (HSDT) Partners with Helius Labs and Twinstake for Non-Custodial Staking Services**
*Strategic Collaboration Aims to Boost Staking Rewards, Governance Participation, and Network Support*
Solana Company (HSDT), a former medical technology firm turned blockchain-focused treasury operator, has announced a significant partnership with Helius Labs and Twinstake to offer non-custodial staking services to its customers. The collaboration marks a pivotal step in HSDT’s strategy to leverage Solana’s ecosystem for financial growth and network reinforcement.
### Staking Strategy and Financial Commitment
HSDT revealed it will stake its SOL holdings directly from custody at Anchorage Digital Bank, a regulated digital asset custodian. The company currently holds over 2.2 million SOL in its treasury, valued at approximately $396 million, which will be deployed to generate staking rewards and support Solana’s network.
The move aligns with HSDT’s broader mission to strengthen tokenized networks through long-term SOL holding services. By partnering with Helius and Twinstake, the firm aims to enhance its on-chain yield, participate in Solana’s governance, and bolster the blockchain’s security and decentralization.
### Industry-Grade Partnerships for Institutional-Grade Execution
Helius Labs and Twinstake, both top-tier validators in the Solana ecosystem, provide non-custodial staking and restaking solutions. These platforms enable users to delegate, stake, and restake digital assets to earn rewards while maintaining control of their funds.
Joseph Chee, HSDT’s executive chairman and chairman of Summer Capital, emphasized the strategic value of the partnership: “Staking with industry leaders like Helius and Twinstake allows us to strengthen SOL holdings while contributing to Solana’s growth.” He noted that both providers rank among the top 25 validators on Solana, with Helius alone staking over 13 million SOL on its platform.
Cosmo Jiang, a board observer at HSDT, highlighted that staking is central to the company’s return-generation strategy. “This partnership positions HSDT to maximize on-chain yield securely, compliantly, and scalably,” he said, adding that collaboration with top validators underscores the firm’s commitment to institutional-grade execution.
### Solana’s Growing Ecosystem and Staking Appeal
Solana’s rapid adoption and high throughput make it an attractive blockchain for staking. The network processes over 3,500 transactions per second, with 23 billion transactions year-to-date and 3.7 million daily active wallets. Its native staking yield of ~7% outperforms non-yield-bearing assets like Bitcoin (BTC), further incentivizing participation.
Helius, a leading Solana validator, operates SOC 2 Type II-compliant infrastructure, ensuring reliability and security. Twinstake and Anchorage Digital’s regulated services also expand HSDT’s access to the broader validator ecosystem.
### HSDT’s Transition and Market Positioning
HSDT, formerly Helius Medical Technologies, shifted its focus to Solana treasury operations after its stock plummeted in 2023. The company launched its treasury services in September 2023 but has yet to onboard institutional investors. Despite a 60% drop in its stock price over 30 days, HSDT’s shares rose over 6.5% following the partnership announcement.
Chee acknowledged market volatility as an opportunity, stating, “Conviction is tested in such initiatives. HSDT is not running from market pressure but leaning into it.”
### Looking Ahead
The partnership with Helius and Twinstake underscores HSDT’s commitment to Solana’s long-term growth. As the blockchain continues to attract institutional interest—with Solana’s speed and scalability positioning it as a hub for capital markets, microtransactions, and AI payments—HSDT’s strategic staking initiatives could solidify its role as a key player in the tokenized economy.
With a focus on security, compliance, and network alignment, HSDT’s move reflects a broader trend of traditional finance entities embracing blockchain to unlock new avenues of value creation. As Solana’s ecosystem expands, collaborations like this will likely play a critical role in shaping the future of decentralized finance.