Astra Fintech Pledges $100 Million to Boost Solana’s Innovation in Asia!

Jakarta, Pintu News – Astra Fintech, a global blockchain-based payment services provider, has launched a $100 million fund to support the growth of the Solana (SOL) ecosystem across Asia, according to an announcement on April 21.

Astra Fintech Spends $100 Million on Solana Ecosystem in Asia

Through this launched fund, Astra Fintech plans to allocate capital to accelerate project development and establish partnerships with developers, companies, and regulators.

Read also: ARK Invest Makes Bold Move – 3iQ’s Solana Staking ETF Now Catching Wall Street’s Eye!

The fund’s operational base will be in South Korea, a country that Solana’s venture arm previously focused on investing in after the collapse of the Terra ecosystem in 2022.

The funds will be focused on projects and developers working in the field of PayFi solutions – a collection of systems that utilize blockchain technology to facilitate payments. Astra’s own main product seeks to blend traditional finance with digital currencies.

Based on data from Electric Capital, the Solana blockchain and Solana Virtual Machine (SVM) currently rank among the top 10 blockchains with the highest developer activity, losing only to Ethereum.

In 2021, Solana has established a $5 million development fund to drive projects in Southeast Asia. The region is home to Web3 gaming, one of Solana’s fast-growing crypto applications thanks to the high speed and low transaction fees of the blockchain.

Solana’s Rise and Fall in 2025

The Solana ecosystem has had quite a dramatic journey throughout 2025. The network’s native token, Solana (SOL), reached an all-time high of $293.31 on January 19, just two days after US President-elect Donald Trump launched a memecoin on the network.

However, the SOL price has now dropped to $136.61, a 53.4% decline since its peak.

Read also: Circle (USDC) Launches Global Payment Network, Ready to Rival Visa and Mastercard?

Nonetheless, crypto executives and companies continue to hold out hope for the Solana ecosystem. On April 7, a group of former Kraken executives acquired Janover, with the aim of turning the real estate company into a kind of Solana-based treasury.

A few weeks later, Upexi – a brand and supply chain management company – saw its shares surge by 630% on April 21 after announcing a similar strategy.

Meanwhile, Canada approved SOL staking services in early April, and ARK Invest began adding exposure to Solana funds through its tech-themed ETFs.

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Reference:

• Bitcoin News. Astra Fintech Launches $100 Million Fund to Boost Solana Ecosystem Innovation. Accessed on April 23, 2025
• Cointelegraph. Astra Fintech commits $100M for Solana growth in Asia. Accessed on April 23, 2025