Global pharmaceutical firm Sharps Technology has announced the completion of its $400 million investment to build the world’s largest Solana treasury. The firm confirmed the development in a press release on Monday.
It’s important to highlight that Solana stands out as one of the fastest and most utilized public blockchains globally. It also excel in processing a high volume of transactions and generates significant on-chain fee revenue, surpassing the combined totals of other blockchains.
Alice Zhang, the newly appointed Chief Investment Officer, recently shared her insights on the ongoing developments in the industry. Zhang added that Solana sets a benchmark for digital infrastructure, offering a high-throughput, low-cost, and real-time settlement layer that supports a wide range of applications, including those involving blue-chip equities.
She stated that the global adoption of Solana’s ecosystem is experiencing rapid growth. According to her, the growth is driven by increasing institutional support for Solana’s vision of creating a unified global market for all tradeable assets. Zhang also emphasized the importance of creating a dedicated team with specialized knowledge of the Solana ecosystem and a proven history of scaling digital asset platforms for institutions.
Similarly, Paul K. Danner the Executive Chairman of Sharps Technology has expressed optimism about the recent development. Danner believes that Sharps Technology’s digital asset-native advisory team, its well-defined accumulation strategy, and its collaborations with top asset managers create a strong foundation for the company to emerge as a prominent player in SOL treasury management.
Sharps Technology appoints James Zhang as strategic advisor and consultant
The company has also taken an important step by appointing James Zhang, the co-founder of Jambo and a renowned figure in the Solana industry as its strategic advisor and consultant. Zhang will work closely with leading asset managers including Monarq Asset Management, ParaFi, and Pantera to expand the digital asset treasury.
Zhang characterized Solana as the driving force behind the evolution of capital markets on the internet, describing it as the next evolution in global finance. According to Zhang, Solana leads the pack in staking yield, chain revenue, and app revenue. He also expressed confidence that the establishment of a digital asset treasury could create substantial long-term value for shareholders of Sharps Technology.
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