Helius, a Solana treasury company led by Executive Chairman Joseph Chee, plans to go public in Hong Kong, aiming to acquire at least 5% of Solana (SOL). Chee, former head of UBS Investment Bank Asia, indicated that the company will proceed with the listing once market capitalization and regulatory requirements are satisfied, potentially within six months. He highlighted Solana's superior processing power compared to Ethereum, noting that while many financial institutions and payment companies use Ethereum, others are increasingly building on Solana and Avalanche.