Abu Dhabi-focused Solana infrastructure agency Solmate (SLMT) has signed a non-binding time period sheet to purchase digital asset agency RockawayX in an all-stock deal that will create an institutional crypto group with greater than $2 billion in property and third-party stake.
The mixed firm would fold RockawayX’s infrastructure, liquidity and asset administration models into Solmate, which is shifting from a passive digital asset treasury to an working crypto enterprise, and carry on buying and selling below the SLMT ticker.
The deal, anticipated to shut in the primary half of 2026, nonetheless requires definitive agreements, regulatory clearance and shareholder approval.
Solmate CEO Marco Santori would lead the group, whereas RockawayX chief Viktor Fischer would run the RockawayX subsidiary and function Solmate’s government chairman in accordance to a press launch shared with CoinDesk.
RockawayX, the blockchain arm of enterprise capital agency Rockaway Capital, brings onchain market making, lending and “solver” providers utilized by main cross-chain bridges like Wormhole and Debridge, plus enterprise and credit score funds that collectively oversee about $1.04 billion, together with round $1.1 billion staked to its validators.
Solmate, which rebranded from Brera Holdings earlier this year, plans to use that stack to earn yield on its treasury and to again Solana-based markets that deal with tokenized shares, treasuries and futures.
The 2 companies unveiled Solana infrastructure in the U.A.E. in November permitting native traders can stake property contained in the area.
“Because the mixed entity’s staked treasury grows, so would its potential to land transactions for high-frequency merchants – all in addition to producing staking yield,” the discharge mentioned. “Solmate’s and RockawayX’s infrastructure would supply these identical providers, not just for buying and selling, however for on a regular basis onchain transactions like shopper funds as properly.”
SLMT shares traded almost 6% higher at $2.51 in pre-market buying and selling on Thursday.
