Helius Medical Technologies, a neurotechnology company, has successfully completed a funding round that raised more than $500 million. The funds will be directed towards creating a company focused on managing treasury assets for the Solana blockchain.
Support from Investors
The funding round was backed by well-known investors, including Pantera Capital and Summer Capital, along with companies like Big Brain Holdings, FalconX, HashKey Capital, and Animoca Brand. The funds will enable Helius Medical Technologies to create a new company focused on asset management for the Solana blockchain.
Market of Solana Treasuries
The increasing interest in Solana treasuries is also reflected in other companies. Forward Industries recently completed a $1.65 billion raise to establish a Solana-focused treasury. Similarly, Sharps Technology announced a $400 million investment to adopt a Solana digital asset treasury strategy.
Support from the Solana Foundation
Backing from the Solana Foundation, a nonprofit organization dedicated to growing the blockchain ecosystem, adds significant weight to the project. This could assist in attracting larger institutional investors and ensure financial and strategic alignment with the long-term growth of Solana.
The funding of Helius Medical Technologies highlights the growing interest in treasuries on the Solana blockchain, which could contribute to its market expansion. The success of this company, along with community support, opens new perspectives for the growth of the crypto industry.
