Solmate Looks Beyond Sol Treasury Model With Rockawayx Acquisition
The deal would fold RockawayX’s infrastructure, liquidity and asset-management businesses into Solmate, widening revenue streams for the SOL-focused treasury company.
Solmate, formerly Brera Holdings PLC, has signed a nonbinding term sheet to acquire RockawayX, a deal that would shift the Abu Dhabi–based Solana company from a passive digital-asset treasury to a unified platform offering infrastructure, liquidity and asset-management services.
According to Thursday’s announcement, the all-stock deal would see Solmate acquire all of RockawayX’s operations, including its validator infrastructure and onchain liquidity business, as well as its venture and credit funds, creating a combined entity with more than $2 billion in assets under management.
The companies said the merger would combine their staking, hardware, market-making and asset-management lines under a single roof, pending definitive agreements and regulatory and shareholder approvals expected in 2026.
Solmate and RockawayX began collaborating last month by launching new Solana validator infrastructure in the United Arab Emirates (UAE), allowing institutions to stake assets locally.
The companies say a merger would also let them offer transaction-ordering and other latency-sensitive services for exchanges and high-frequency traders, with Abu Dhabi positioned as a potential center for this activity.
RockawayX has invested in early-stage crypto infrastructure and DeFi projects since 2018 and now manages two venture funds and a credit fund, with more than $1 billion in combined investments and staked assets.
Solmate’s share price (SLMT) climbed over 6% in early-day trading on the back of the news.
Related: Strategy Bitcoin buys collapse, company braces for bear market: Analyst
Michael Saylor’s company helped establish the early model for digital asset treasury companies, which are publicly traded businesses that hold Bitcoin (BTC) or other cryptocurrencies on their balance sheets.
Source: CoinTelegraph
