Solana establishes a presence in Shanghai, with no equity ties
- Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with registered capital of RMB 5 million. Its legal representative, Du Yanjing, is a co-lead of Solana China, and the company is wholly owned by a natural person.
- Shanghai Yaokun Qiusuo Digital Technology, established in August, has registered capital of RMB 10 million, with Solana holding a 45% stake and Jiang Yiwen serving as chairwoman. Tracing the corporate ownership structure through each layer reveals no equity connection whatsoever to the Solana Foundation.
SOL spot trading volume hasn’t responded to this news. The marginal impact of an Asian office on the order book is limited; in the short term, it still depends on BTC’s direction and whether the SOL/BTC exchange rate can recover to the midpoint of its previous range. Those of you holding SOL: are you treating this as a catalyst to take profits, or just noise?
$SOL $JUP $RAY
- Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with registered capital of RMB 5 million. Its legal representative, Du Yanjing, is a co-lead of Solana China, and the company is wholly owned by a natural person.
- Shanghai Yaokun Qiusuo Digital Technology, established in August, has registered capital of RMB 10 million, with Solana holding a 45% stake and Jiang Yiwen serving as chairwoman. Tracing the corporate ownership structure through each layer reveals no equity connection whatsoever to the Solana Foundation.
SOL spot trading volume hasn’t responded to this news. The marginal impact of an Asian office on the order book is limited; in the short term, it still depends on BTC’s direction and whether the SOL/BTC exchange rate can recover to the midpoint of its previous range. Those of you holding SOL: are you treating this as a catalyst to take profits, or just noise?
$SOL $JUP $RAY