Solana treasury company Sharps Technology (Nadaq: STSS) has tapped Coinbase to run an in-house validator.
“The STSS Validator, operated by Coinbase and built on Coinbase Institutional’s market-proven infrastructure stack, represents a meaningful shift for the company as it moves from a Solana treasury participant to a direct contributor to the security and decentralization of the network,” the company wrote.
Sharps, a medical device company that announced it would build a SOL token treasury last year, will now delegate a portion of its 2 million SOL holdings to its newly established Coinbase-operated validator.
Launching a validator is proof-of-stake validator is usually a priority, but rarely a first step, for Solana and Ethereum-based digital asset treasury companies.
The largest Ethereum DAT, BitMine, is working to launch a bespoke Made in America Validator Network this year, while the largest SOL DAT, Forward, has not only introduced a validator with DoubleZero but also deployed holdings in Solana DeFi platforms.
Other smaller SOL DATs, like DeFi Development Corp and Bit Mining, have made validator operations core to their valuation playbook, because validators earn recurring revenue, making SOL DATs more equivalent to Bitcoin mining stocks than companies like Strategy, the largest bitcoin holder.
With the launch, STSS “becomes one of the first U.S.-listed companies to evolve from a treasury-only approach to an active infrastructure participant in blockchain development,” the firm wrote.
Coinbase is one of the largest Solana stakers, according to its latest Solana Validator Performance Report in December. The company contributes nearly 10% of the network’s total staked SOL, and runs validators in at least eight distinct cities in the U.S., Europe, and East Asia.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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