Jito Foundation and SOL-based digital asset treasury Solana Company said Wednesday they have teamed up to expand institutional validator and staking infrastructure across the Asia-Pacific region.
With the partnership, the two companies aim to build institutional-grade validator infrastructure, optimize yield, and drive Solana adoption across the APAC region, according to a statement.
“By combining Jito’s market layer technology with Solana Company’s deep regional expertise and institutional network, we’re creating a stronger foundation to enable scalable, compliant participation in the Solana ecosystem," Jito Foundation's head of APAC Marc Liew said in a statement.
The two companies will jointly set up and run Solana validator servers across APAC, anchored by Solana Company’s institutional infrastructure network called Pacific Backbone that operates across Hong Kong, Singapore, Japan, and South Korea."
Additionally, the companies will develop Solana staking products based on JitoSOL for larger financial firms, like asset and wealth managers based in Asia.
Solana Company is a publicly-listed DAT that owns about $180 million worth of SOL, according to The Block data dashboard. Jito, the liquid staking and MEV platform that sits at the center of the Solana ecosystem, supports both validators and traders. It also issues the JitoSOL liquid staking token.
Last year, A16z invested $50 million in Jito in a strategic private token sale.