Solana Treasury Company Helius Executive Chairman: Will go public in Hong Kong, aiming to buy at least 5% of SOL

On October 9th, the Hong Kong Economic Journal reported that Joseph Chee, former head of UBS Investment Banking Asia and current executive chairman of Helius, the core treasury of the Solana ecosystem, revealed in a recent interview that Helius plans to acquire at least 5% of the circulating supply of Solana (SOL), further strengthening its long-term commitment to the Solana ecosystem.

Chee also stated that as long as Solana meets the relevant market capitalization and regulatory compliance standards, Hong Kong will be its preferred location for a secondary listing.

He further estimated that this could occur within the next six months and stated that the company will actively advance relevant preparations to "enter the Hong Kong market as soon as possible."

On a technical level, Chee emphasized that Solana significantly outperforms Ethereum in terms of processing power. While market participants such as Tom Lee, Global Head of Advisors at Fundstrat, often point out that many large financial institutions, stablecoin issuers, and payment companies currently primarily build on the Ethereum network, Chee pointed out that a growing number of institutions are actually choosing to build applications on high-throughput public chains such as Solana and Avalanche.

He further explained that Solana, with its high scalability, low transaction costs and fast confirmation time, is attracting more entities to develop next-generation decentralized applications on its chain, especially for financial and payment scenarios with high performance requirements.