Solana Company to back Kazakhstan’s $6B crypto megacity ambition

Nasdaq-listed Solana Company has signed a memorandum of understanding with Kazakhstan’s Alatau City, which seeks to become a key crypto hub in Central Asia.

Nasdaq-listed crypto treasury firm Solana Company signed an agreement to support the development of Alatau City, Kazakhstan’s planned digital-first megacity.

The company signed a memorandum of understanding to advise and help build Alatau City’s blockchain and crypto infrastructure during the Alatau City Roadshow in Shenzhen and Hong Kong in June, which reportedly secured 30 cooperation agreements with a combined investment potential of over $6 billion.

“We look forward to deepening this partnership and expanding the Solana ecosystem’s footprint across the region,” said Solana Company chair and CEO Joseph Chee.