Sharps Technology, a Nasdaq-listed medical device company with a Solana-focused treasury, has delegated more than two million SOL to a Coinbase-operated validator, marking a shift from passive asset holding to active participation in blockchain infrastructure.
The move was announced on January 12, alongside the launch of an institutional-grade Solana validator supported by Coinbase Institutional. By extending its existing custody relationship with Coinbase into validator operations, Sharps Technology positions itself among the earliest U.S.-listed firms to combine crypto treasury management with onchain infrastructure activity.
Under the arrangement, Coinbase Institutional operates the validator using infrastructure designed for large-scale clients. Sharps Technology delegates a portion of its SOL holdings to the validator, gaining staking participation and yield exposure while contributing to Solana network security. The structure allows operational involvement without requiring the company to manage technical infrastructure internally.
Coinbase emphasized rising demand from institutions seeking secure access to onchain operations. Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase Institutional, said institutional clients are moving onchain with greater conviction and require infrastructure that meets regulatory and operational expectations.
Source: Company press release and Coinbase Institutional statements
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