Crypto.com partners with Sharps Technology for digital asset custody

Crypto.com announced a partnership with Sharps Technology Inc. (NASDAQ: STSS) to provide institutional treasury management services for the medical device company's digital asset holdings, according to a press release statement.

Sharps Technology has acquired more than 2 million SOL tokens as part of its Solana-focused digital asset treasury strategy. The company's Solana holdings are valued at over $400 million, with SOL trading above $200.

Under the partnership, Sharps Technology will use Crypto.com's institutional custody infrastructure and over-the-counter trading desk to manage its digital asset treasury. Crypto.com will also integrate several Solana projects through its platform.

"STSS has an ambitious vision for its digital asset treasury strategy, and we are excited to partner with them to help realize that vision," said Eric Anziani, President and Chief Operating Officer of Crypto.com.

James Zhang, Strategic Advisor to Sharps Technology, stated the partnership provides "institutional-grade tools and liquidity access to responsibly manage one of the largest Solana treasuries, while also directly contributing to the growth of the Solana ecosystem."

Sharps Technology plans to deploy a portion of its capital through Crypto.com into Solana-native projects to generate yield and expand liquidity across the Solana ecosystem. The medical device company typically focuses on smart-safety syringe products for the healthcare industry but has adopted a digital asset treasury strategy centered on accumulating SOL tokens.

Crypto.com, founded in 2016, reports having over 150 million users on its platform.

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