Solana Company to support blockchain infrastructure for Kazakhstan's Alatau City

Solana Company (Nasdaq: HSDT), a publicly traded firm focused on strategic Solana (SOL) accumulation (DAT), has signed a memorandum of understanding (MOU) to support the development of Alatau City, a new digital city in Kazakhstan, Cointelegraph reported. The company will advise on building the city's cryptocurrency infrastructure, with cooperation spanning four areas: DAT, blockchain infrastructure, expanding institutional adoption, and platform development. The outlet noted that Kazakhstan launched Central Asia's first Solana economic zone on Astar Network last year and recently listed the first Solana ETF on the Kazakhstan Stock Exchange (KASE). However, significant challenges remain. Local authorities have raised concerns that building a crypto-based economy may require constitutional amendments, while residents of Alatau City are reportedly facing shortages of basic utilities such as gas, water, and electricity.