Overview
- Sharps Technology launched the STSS Validator and will delegate part of its roughly 2 million SOL treasury to it.
- Coinbase Institutional, already providing custody and trading to Sharps, will operate and maintain the node with its established infrastructure.
- Coinbase runs validator infrastructure in at least eight cities across the United States, Europe, and East Asia.
- Sharps describes the move as a shift from passive holding to active participation, placing it among the first U.S.-listed firms to launch a Solana validator.
- Reports estimate Coinbase validators contribute nearly 10% of staked SOL, a concentration watched as treasury firms such as Forward and BitMine build validators to earn staking rewards.