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Sharps Technology and Coinbase Expand Relationship with Launch of Institutional-Grade Solana Validator
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (“STSS” or the “Company”) (NASDAQ: STSS), a medical device company implementing a
About this update from Sharps Technology Inc.
[{"type":"text","content":"NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (“STSS” or the “Company”) (NASDAQ: STSS), a medical device company implementing a Solana-based digital asset treasury strategy, today announced the expansion of its relationship with Coinbase Institutional, a leading provider of custody, prime brokerage, derivatives, staking, and trading services, through the launch of a jointly supported institutional-grade validator on the Solana network. The STSS Validator, operated by Coinbase and built on Coinbase Institutional’s market-proven infrastructure stack, represents a meaningful shift for the company as it moves from a Solana treasury participant to a direct contributor to the security and decentralization of the network. Under this expanded initiative, STSS will delegate a portion of its SOL treasury holdings, currently more than 2 million SOL, to its newly established Coinbase-operated validator. The expanded relationship brings together Coinbase’s institutional-grade infrastructure, security standards, and proven validator operations, to ensure high uptime, operational rigor, and long-term reliability. This expansion builds on the company’s existing relationship with Coinbase Institutional, through which STSS leverages Coinbase’s custody, OTC, and operational infrastructure as part of its broader digital asset treasury strategy. “Launching the STSS Validator is an extension of STSS’s participation in the growth, decentralization, and security of the Solana network,” said James Zhang, Strategic Advisor to STSS. “We are excited STSS is partnering with Coinbase to launch new products given Coinbase’s operational excellence and institutional-grade infrastructure.”\"Institutions are moving onchain with greater speed and conviction, and our role is to make their entry seamless and secure,\" said Ryan Ballantyne, Head of Corporate Client Strategy, Coinbase Institutional. \"Supporting Sharps Technology through validator operations reflects our commitment to delivering infrastructure that meets institutional standards for security, compliance, and operational reliability.\" With this validator launch, STSS becomes one of the first U.S.-listed companies to evolve from a treasury-only approach to an active infrastructure participant in blockchain development. Forward Looking Statements This press release contains “forward...