Crypto.com Partners With Sharps Technology to Manage $400M+ Solana Treasury
Crypto.com and Sharps Technology, Inc. (STSS) announced a partnership to bolster Solana ecosystem growth by deploying the platform’s institutional-grade custody and OTC services to manage STSS’s solana-focused digital asset treasury.
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Altcoin Treasuries, News Bytes - 5, Solana (SOL)
STSS, which holds over 2 million SOL—valued at more than $400 million with SOL trading above $200—will use Crypto.com’s custody infrastructure, deep‑liquidity OTC desk and execution capabilities to steward its holdings and deploy capital into solana‑native projects to generate yield and expand onchain liquidity. Crypto.com will also integrate select solana projects through qualified custodians, aiming to broaden institutional access to the network. Both firms framed the deal as aligning traditional finance with Solana’s open infrastructure: Crypto.com emphasized its institutional tooling for treasury management, while STSS said the collaboration advances its strategy of using a corporate treasury to support ecosystem development and responsible, large‑scale digital asset deployment.
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