Former UBS Investment Banking Asia head Joseph Chee is positioning his firm, Xiayan Capital, for a major entry into the crypto treasury space. In mid-September, Chee and Pantera Capital acquired Helius (US: HSDT), transforming it into a Digital Asset Treasury (DAT). The company, now rebranded as Solana Company, has secured $500 million in funding to establish the Solana Reserve . Chee plans to acquire at least 5% of Solana’s total supply and seek a Hong Kong listing within six months, signaling a strong push for institutional integration in Asia’s growing digital asset markets. Institutional Accumulation Reshapes Solana’s Market Outlook Solana Company’s goal to control a 5% stake in Solana underscores institutional confidence in the network’s long-term potential. The firm’s collaboration with Pantera Capital and the Solana Foundation aims to strengthen liquidity depth and enhance network participation among institutional players. Such large-scale acquisitions tend to tighten circulating supply, increasing scarcity and amplifying bullish reactions during market upswings. Moreover, the establishment of the Solana Reserve positions the company to act as a key liquidity provider for institutional portfolios. Analysts view this move as a strategic effort to align Solana’s treasury structure with that of traditional financial markets. The acquisition aligns with Asia’s rising interest in tokenized assets and digital reserves, particularly as Hong Kong advances its regulatory clarity for blockchain firms. Expanding Solana’s Institutional Footprint in Asia Additionally, Solana’s institutional growth extends beyond Xiayan Capital’s move. Nasdaq-listed DeFi Development Corp recently partnered with Superteam Japan to launch Japan’s first Solana Treasury Company. This initiative strengthens Solana’s role in corporate digital asset management across Asia, reflecting the region’s growing adoption of blockchain infrastructure. According to SolanaFloor data, Solana accounted for over 95% of tokenized stock volume in the past month. Gnosis followed with 1.98%, and Ethereum with 1.83%. These figures highlight Solana’s growing dominance in tokenized asset activity, a sign of expanding use cases beyond decentralized finance. Price Outlook and Technical Insights Meanwhile, Solana (SOL) trades at $219.72 after a 0.98% daily decline, with a market capitalization exceeding $120 billion. IncomeSharks analysts noted that the overall trend remains bullish. The On-Balance Volume (OBV) continues to rise, showing steady accumulation, though a spike in OBV would confirm stronger momentum. Source: X Support lies near $200, while resistance stands around $250. A breakout above this zone could propel SOL toward $275–$300, reaffirming its bullish trajectory. Despite short-term corrections, institutional momentum continues to anchor Solana’s long-term market strength.
