Abu Dhabi-focused Solana infrastructure firm Solmate (SLMT) has signed a non-binding time period sheet to amass digital asset agency Rockaway
The mixed firm will combine RockawayX’s infrastructure, liquidity, and asset administration divisions into Solmate, transitioning from a passive digital asset treasury to an operational crypto enterprise that can proceed to commerce beneath the SLMT ticker.
The transaction is predicted to shut within the first half of 2026, however continues to be topic to definitive agreements, regulatory approvals and shareholder approval.
In keeping with a press launch shared with CoinDesk, Solmate CEO Marco Santori will lead the group, whereas RockawayX CEO Viktor Fischer will run the RockawayX subsidiary and function Solmate’s govt chairman.
RockawayX, the blockchain arm of enterprise capital agency Rockaway Capital, gives on-chain market-making, financing, and “solver” companies utilized in main cross-chain bridges akin to wormholes and debridging, in addition to enterprise and credit score funds that oversee roughly $1.04 billion mixed, along with roughly $1.1 billion staked with validators.
Solmate, which rebranded from Brera Holdings earlier this 12 months, plans to make use of its stack to seize yield on authorities bonds and assist a Solana-based marketplace for tokenized shares, authorities bonds and futures.
The businesses unveiled Solana infrastructure within the UAE in November, permitting native traders to personal property within the area.
“Because the mixed firm’s staking funds develop, along with producing staking yield, its skill to seize trades for high-frequency merchants can even enhance,” the discharge states. “Solmate and RockawayX’s infrastructure will present related companies not just for transactions, but additionally for on a regular basis on-chain transactions akin to shopper funds.”
SLMT inventory traded up about 6% at $2.51 in premarket buying and selling Thursday.
