Solana treasury company Sharps Technology taps Coinbase to launch validator

Sharps Technology (STSS), a medical device company that established a Solana (SOL) token treasury, has partnered with Coinbase to run an in-house validator. This move transitions Sharps from merely holding SOL to actively contributing to the security and decentralization of the Solana network by delegating a portion of its 2 million SOL holdings to the new Coinbase-operated validator.

The company states this makes it one of the first U.S.-listed companies to evolve from a treasury-only approach to becoming an active infrastructure participant in blockchain development. Launching a validator is often a later step for digital asset treasury companies, unlike peers such as Forward, which already operates a validator, or BitMine, which is working on one. Coinbase is a major Solana staker, contributing nearly 10% of the network’s total staked SOL.

(Source：The Block)