Solana Company is deepening its on-chain strategy by partnering with Helius and Twinstake for non-custodial SOL staking services, signaling a stronger focus on institutional-grade digital asset management.
Key Takeaways
- Solana Company (HSDT) announced partnerships with Helius and Twinstake to stake SOL directly from Anchorage Digital Bank custody.
- The company holds 2.2 million SOL, making it the second-largest Solana-based digital asset treasury after Forward Industries.
- Validators Helius and Twinstake rank among the top 25 on the Solana network by total SOL staked.
- HSDT’s stock rose nearly 10 percent after the announcement, while Solana’s price gained over 2.7 percent.
What Happened?
Solana Company, formerly Helius Medical Technologies and now trading under the ticker HSDT on Nasdaq, has announced new partnerships with blockchain infrastructure firms Helius and Twinstake. The deals will enable Solana Company to delegate, stake, and restake its SOL holdings using non-custodial staking services while keeping its assets secure in qualified custody at Anchorage Digital Bank.
Can’t get rid of us that easily 🙃
— Solana Company $HSDT (@Solana_Company) October 23, 2025
We’re back and now staking with @Heliuslabs and other top Solana validators @TwinStake_IO and @Anchorage to strengthen our $SOL treasury.
Earning onchain yield in a secure and compliant way while continuing to support the Solana ecosystem 🫡 pic.twitter.com/FziozHCRvj
Upgrading the Treasury Infrastructure
The move is part of a broader shift by Solana Company toward becoming a dedicated Solana-focused treasury vehicle. Having already pivoted away from its previous medical device business in late September, the company is actively optimizing the yield and performance of its digital asset holdings.
- The company holds 2.2 million SOL, currently worth approximately $421 million.
- Its assets are custodied at Anchorage Digital Bank, a qualified custodian for digital assets.
- The native staking yield on SOL is about 7 percent, according to industry metrics.
These staking agreements enable the firm to vote with staked tokens, monitor token activity, and earn passive rewards through a secure, compliant framework that meets institutional standards.
Helius and Twinstake: Trusted Validators
Helius and Twinstake are both high-ranking validators on the Solana network. According to Solscan:
- Helius holds over 14 million SOL, representing 3.44 percent of the total staked supply.
- Twinstake manages around 5.6 million SOL, which is 1.37 percent of the network’s staked assets.
The partnerships were praised by key executives. Joseph Chee, Executive Chairman of Solana Company, stated:
Cosmo Jiang, General Partner at Pantera Capital and Board Observer at HSDT, emphasized the security and institutional focus of the deal:
Market Reaction and Broader Context
Following the announcement, HSDT’s stock jumped 9.76 percent to $6.84 per share, bringing its market cap to $276 million. The announcement also coincided with Solana leading gains among top ten cryptocurrencies, although retail sentiment around the altcoin remained cautious.
While Forward Industries remains the largest corporate holder of SOL at 6.8 million tokens, Solana Company’s aggressive strategy now makes it the second-largest holder, ahead of other players like VisionSys AI and DeFi Development.
CoinLaw’s Takeaway
In my experience, it’s rare to see a public company make such a focused pivot into blockchain infrastructure, and Solana Company is going all-in. These validator partnerships not only make their treasury more productive, but they also align with the ethos of decentralization that blockchain stands for. What really stands out is the use of qualified custody through Anchorage, showing they’re serious about regulatory compliance and risk management. This is the kind of play that could make HSDT a key benchmark for institutional blockchain treasuries going forward.
