Shanghai Solana Enterprise Management Company Registered and Holds Shares in Related Digital Technology Company
Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with a registered capital of 5 million yuan. Claire Du (堵燕菁), co-head of Solana China, serves as the legal representative, and the company is established by an individual investor.
In August this year, Shanghai Yao Kun Qiu Suo Digital Technology Co., Ltd. was also registered with a registered capital of 10 million yuan. Shanghai Solana Enterprise Management Co., Ltd. holds 45% of its shares, with Even Jiang (蒋逸雯), co-head of the Solana Foundation in China, serving as chairman, and Claire Du as a director.
Yao Kun Qiu Suo's main business includes technical services, technology development, technical consulting, technical exchanges, technology transfer, technology promotion, computer system services, information system integration services, information technology consulting services, data processing services, internet data services, IoT technology services, wholesale of computer software and hardware and auxiliary equipment, information consulting services, enterprise management consulting, financial consulting, and conference and exhibition services.
Public information shows that the name Solana is used by the individual-owned company itself, and there is currently no equity evidence proving that the two companies belong to the Solana Foundation. The related registration actions reflect more of a localization operation by individual entities.
This week, members of the Solana team have been sharing photos, announcing the establishment of an office in Shanghai, which aligns with the registration timeline of the aforementioned companies.
From a market mechanism perspective, this series of registrations and shareholding arrangements may attract capital attention to Solana's localization progress in China. Under event-driven circumstances, funds may flow into related technical services and data business areas, benefiting individual stakeholders and potential partners, while the lack of direct equity endorsement from the foundation may pose compliance and trust pressures on the related entities.
Source: Public Information
ABAB AI Insight
The Solana Foundation has previously promoted its ecosystem in the Asian market mainly through community activities and developer incentives. Claire Du and Even Jiang, as co-heads for the China region, are leading the company registration and cross-shareholding in their personal capacity, continuing the common path of crypto foundation leaders conducting business through local entities. Historically, some leaders have also sparked ownership disputes due to personal entity operations.
The capital pathway is manifested through the establishment of a management company and a technology company with registered capitals of 5 million yuan and 10 million yuan, respectively, and forming a control chain with a 45% equity stake, incorporating technical services, data processing, and IoT businesses into local entities. The motivation is to reduce direct association risks by leveraging individual ownership while providing a compliant vehicle for the operation of the Shanghai office.
Similar cases include Ethereum Foundation personnel initially conducting Asian activities through local companies. Currently, Solana's actions in China are in the expansion phase from community promotion to entity registration and office establishment, and have not yet formed foundation-level equity control.
This change essentially belongs to the restructuring of the industrial chain, where crypto projects register local companies to split global protocol services and data businesses into regional entities to address cross-border compliance constraints while retaining individual equity flexibility.
ABAB News · Cognitive Law
Names can be self-chosen, ownership must be provable
Individual shareholding is a bridge, foundation equity is an anchor
Office establishment relies on photo sharing, business undertaking relies on registration