DawnLabs Launches Collaboration with Allied Verse on 'Japan SOL', a Solana Holding and Management Support Service for Japanese Enterprises

Dawn Labs (service name: Dawn Labs, operating company: CHAIN TEC LAB - FZCO, location: Dubai, United Arab Emirates, representative: Yutaro Nagumo), which provides technical support for validator operations and asset management on the Solana blockchain, announces the launch of a joint program 'Japan SOL' with Allied Verse Pte. Ltd. (location: Republic of Singapore, representative: Takehide Nakamura, hereinafter 'Allied Verse'), a Singapore-based subsidiary of Allied Architects Co., Ltd. (headquarters: Shibuya-ku, Tokyo, representative chairman: Yuji Tanaka, securities code: 6081, hereinafter 'the company'), to share information and conduct demonstrations related to the Solana ecosystem.

Japan SOL is a collaborative program designed to comprehensively support Japanese enterprises in purchasing, holding, and managing SOL. It aims to provide end-to-end support—from SOL acquisition and staking to the use of Liquid Staking Tokens (hereinafter 'LST') and integration with corporate wallets and related services—enabling companies to build Solana treasuries and enter the ecosystem seamlessly.

Under this program, DawnLabs will be responsible for building and operating the technical infrastructure, including validator operations, LST issuance, and staking-related systems. Allied Verse will focus on accumulating practical insights through its own validator and treasury operations, as well as disseminating industry knowledge about the Solana ecosystem.

Background

Globally, more enterprises are beginning to hold and manage cryptocurrencies as treasury assets. In particular, the Solana ecosystem is developing a robust financial infrastructure where diverse strategies—staking, LSTs, and DeFi protocols—interoperate to enable efficient digital asset management.

However, for enterprises to fully enter the Solana ecosystem, multiple hurdles remain, including technical understanding, security, wallet management, accounting, tax, legal compliance, partner selection, and operational setup.

Japan SOL aims to address these challenges through a 'Membership'-style program centered on validating SOL usage models and offering flexible management options. Additionally, it plans to deliver added value such as industry knowledge sharing, business opportunity creation, ecosystem entry support, and information exchange with domestic and international projects, tailored to participants’ needs.

Japan SOL Concept

Japan SOL is a program designed to conduct practical demonstrations and share insights with participating companies on treasury management using Solana.

In the initial phase, the program plans to leverage Sanctum—the LST issuance and liquidity infrastructure on Solana—to issue Japan SOL (LST). The mechanism is designed so that participating companies deposit SOL and receive Japan SOL tokens, entitling them to value equivalent to staking rewards.

In the future, the program aims to offer broader treasury management options by utilizing Kamino, a major Solana DeFi protocol, to enable 'Looping Operations'—using Japan SOL as collateral to borrow SOL, restake it, and compound LST positions for enhanced yield.

Value Proposition of Japan SOL

End-to-End Support for SOL Management: From purchasing and holding SOL to staking and LST utilization, the program provides comprehensive support, reducing the burden on enterprises to build their own infrastructure and operational systems.

Efficient Treasury Management Using Core Solana Infrastructure: Offers management options leveraging key Solana infrastructures, such as issuing Japan SOL (LST) via Sanctum and enabling Looping Operations via Kamino.

Membership Value: Facilitates industry knowledge sharing, business opportunity creation, and information exchange with global projects through dialogue with participating enterprises.

Roles of Both Companies

DawnLabs' Role

DawnLabs will be responsible for LST issuance, validator operations, building and operating staking infrastructure, and technical integration with major DeFi protocols within Japan SOL. This enables participating enterprises to engage in Solana-based treasury management without needing to develop their own technical operations.

Collaboration with Allied Verse

Allied Verse will accumulate practical insights through its own validator and treasury operations and lead industry outreach and information dissemination regarding the Solana ecosystem.

Both companies plan to collaborate in the following areas to support corporate adoption of crypto treasuries and entry into the Solana ecosystem:

Supporting enterprise adoption of Japan SOL

Building networks with companies interested in Solana treasury utilization

Exploring integration with corporate wallets and related products

Supporting international Solana-related projects in entering the Japanese market

Facilitating knowledge sharing and community building in the Solana treasury space

Future Outlook

DawnLabs and Allied Verse aim to build a corporate crypto asset management infrastructure centered on Japan SOL. While starting with Solana, they plan to expand to include major cryptocurrencies such as Bitcoin and Ethereum in the future. They also intend to strengthen partnerships with global crypto treasury firms, wallet providers, DeFi protocols, and exchanges to drive new use cases for crypto asset adoption in the industry.

Comments

Yutaro Nagumo, CEO of DawnLabs

'We believe corporate use of crypto treasuries in Japan will become a key theme in the future of digital financial infrastructure. Japan SOL is a program designed to comprehensively support Japanese enterprises in purchasing, holding, and managing SOL through LST issuance via Sanctum and Looping Operations via Kamino. By partnering with Allied Architects, which has a strong network in the Japanese market, we aim to accelerate enterprise adoption and ultimately build a comprehensive crypto asset management infrastructure for Japanese enterprises, including Bitcoin and Ethereum.'

Yu Oki, Director and Chief Crypto Officer (CCO) of Allied Architects Co., Ltd.

'Solana is pioneering the future of the 'Internet Capital Market,' where even stocks and physical assets can be traded on-chain. This vision aligns closely with our own goal of an era where all assets are traded on-chain. Allied Verse will leverage the corporate network, marketing, and business development expertise cultivated by its parent company, Allied Architects, to promote awareness and share information about the Solana ecosystem alongside Dawn Labs. First, Allied Verse itself will conduct validator and treasury operations on Solana, and based on these insights, through Japan SOL,