Abu Dhabi-focused Solana infrastructure firm Solmate (SLMT) has signed a non-binding time period sheet to accumulate 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 anticipated to shut within the first half of 2026, however remains to be topic to definitive agreements, regulatory approvals and shareholder approval.
In line 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 government chairman.
RockawayX, the blockchain arm of enterprise capital agency Rockaway Capital, gives on-chain market-making, financing, and “solver” providers utilized in main cross-chain bridges comparable 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 introduced Solana infrastructure within the UAE in November, permitting native buyers to personal belongings within the area.
“Because the mixed firm’s staking funds develop, along with producing staking yield, its capacity to seize trades for high-frequency merchants will even improve,” the discharge states. “Solmate and RockawayX’s infrastructure will present related providers not just for transactions, but additionally for on a regular basis on-chain transactions comparable to client funds.”
SLMT inventory traded up about 6% at $2.51 in premarket buying and selling Thursday.
