Jito Foundation partners with Solana Company to expand staking infrastructure in Asia

The Jito Foundation, the organization behind the Solana-based liquid staking token JTO, has partnered with Solana aggregation firm Solana Company to expand validator and staking infrastructure for institutions in the Asia-Pacific (APAC) region, The Block reported. The two organizations will collaborate on installing and operating Solana validator servers across APAC, focusing on Solana Company's institutional infrastructure network, the "Pacific Backbone," which connects Hong Kong, Singapore, Japan, and South Korea. They also plan to develop jitoSOL-based staking products for large financial institutions in Asia.