Allied Verse Launches Solana Validator Operations and Initiates Joint Program 'Japan SOL' with Dawn Labs for Solana Ecosystem

Allied Architects Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Chairman and CEO: Yuji Tanaka; Securities Code: 6081; hereinafter "the Company"), a company that drives corporate growth through AX, has announced that its Singapore-based subsidiary, Allied Verse Pte. Ltd. (Location: Republic of Singapore; Representative: Takehide Nakamura; hereinafter "Allied Verse"), has commenced operations of its own validator on the Solana blockchain—one of the top 10 cryptocurrencies by market capitalization as of June 2026—and has launched a joint program 'Japan SOL' with Dawn Labs (Service Name: Dawn Labs; Operating Company: CHAIN TEC LAB - FZCO; Location: Dubai, United Arab Emirates; Representative: Yutaro Nagumo; hereinafter "Dawn Labs") to share information and conduct demonstrations related to the Solana ecosystem.

Allied Verse is preparing for an era in which all assets—including stocks, bonds, real estate, and intellectual property—are traded 24/7 on-chain (recorded on a blockchain)—by building a portfolio centered on "on-chain financial instruments." Following the launch of its own yield-bearing stablecoin 'Apyx (Apex)', Solana has been selected as the second strategic initiative.

The reason for choosing Solana lies in the network's vision of becoming an 'Internet Capital Markets,' which aligns directly with Allied Verse's goal of realizing a future where all assets are traded on-chain. Through this operation, Allied Verse plans to leverage its insights—while complying with relevant regulations—to develop services that support enterprises and investors in adopting and managing digital assets.

■ Solana's Vision: 'Internet Capital Markets'

Solana operates on the principle that blockchain's core strength lies in finance and capital markets. It aims to build a single global market—'Internet Capital Markets'—by tokenizing all global assets on-chain and seamlessly connecting everything from settlement to high-frequency trading. This initiative seeks to eliminate inefficiencies in traditional securities trading, such as limited trading hours (only during market open) and settlement delays that take several days, by leveraging a fast and low-cost blockchain infrastructure.

This vision is already materializing in concrete figures. Most notably, the monthly trading volume of tokenized stocks on Solana reached approximately $806 million in March 2026, $858 million in April, and by the end of May—just four days remaining—had already hit $1.06 billion, surpassing the $1 billion monthly threshold for the first time in history.

Source: https://defidevcorp.com/ , https://app.rwa.xyz/

Many tokenized stock platforms, including xStocks, are already operating on Solana, meaning the 'rails' for onboarding real-world assets (RWA) onto the blockchain are being laid in real time on the Solana network.

■ In-House Operations Starting with Solana Staking

With technical support from Dawn Labs, Allied Verse will begin operating its validator node, 'Allied Validator,' on the Solana network. Concurrently, it will implement a 'looping strategy' using Liquid Staking Tokens (LSTs) and Kamino, a leading DeFi protocol on Solana.

What is Validator Operation?

Validators are nodes (participants) that contribute to maintaining the blockchain network by verifying daily transactions. The process of locking tokens into the blockchain protocol (smart contract) and participating as a validator—either directly or through delegation—to support network operations and security in exchange for rewards is known as 'staking.'

What are LSTs (Liquid Staking Tokens)?

SOL (Solana's native token) deposited to validators for staking cannot be moved until the staking is unstaked. During this period, the opportunity to sell or use the SOL as collateral is lost, resulting in missed revenue opportunities.

To solve this issue, Liquid Staking Tokens (LSTs) were created. LSTs function as 'deposit certificates' backed by staked SOL, with their value increasing as staking rewards accrue. Users can hold the value of their staked SOL in a liquid form as LSTs, enabling secondary uses such as using LSTs as collateral in DeFi while still earning staking rewards.

What is Looping Strategy Using DeFi (Decentralized Finance)?

Allied Verse will use the LSTs obtained from staking its SOL on Kamino, one of Solana’s largest lending-based DeFi platforms, as follows:

1. Acquire LSTs based on staked SOL.

2. Use the LSTs as collateral to borrow SOL at interest.

3. Re-stake the borrowed SOL to earn additional yield.

4. Use the new LSTs (backed by the newly staked SOL) as collateral again on Kamino to borrow more SOL.

5. Repeat steps 3 and 4.

This method of continuously increasing LST positions by re-staking borrowed SOL is known as 'looping strategy,' and is expected to enhance the efficiency of asset management on Solana.

However, looping strategies carry risks such as liquidation risk in case of collateral value decline, risks arising from smart contract vulnerabilities, and LST liquidity and peg deviation risks.

Allied Verse will conduct looping operations under appropriate risk management frameworks while complying with relevant regulations, aiming to improve operational efficiency through staking rewards and DeFi utilization.

■ Launch of Joint Program 'Japan SOL' with Dawn Labs

Allied Verse and Dawn Labs will jointly launch the 'Japan SOL' program, aimed at demonstrating treasury operations using Solana and sharing information with participating enterprises.

In recent years, the trend of companies holding and managing cryptocurrencies as financial assets has been growing globally. Within the Solana ecosystem, diverse strategies such as staking, LSTs, and DeFi protocols are increasingly interconnected, forming a financial infrastructure that supports the aforementioned 'Internet Capital Markets.' Japan SOL will provide enterprises with options to allocate surplus assets toward Solana-based operations, including