Abu Dhabi-based Solana infrastructure company Solmate (SLMT) has signed a non-binding terms agreement to acquire digital assets company RockawayX in an all-stock transaction that would create an institutional crypto group with more than $2 billion in assets and third-party stakes.
The combined company would consolidate RockawayX’s infrastructure, liquidity and asset management units into Solmate, which is transitioning from a passive digital asset treasury to an operational crypto business, and would continue to trade under the ticker SLMT.
The transaction, which is expected to be completed in the first half of 2026, still requires definitive agreements, regulatory clearance and shareholder approval.
Solmate CEO Marco Santori would lead the group, while RockawayX chief Viktor Fischer would lead subsidiary RockawayX and serve as executive chairman of Solmate, according to a press release shared with CoinDesk.
RockawayX, the blockchain arm of venture capital firm Rockaway Capital, offers market-making, lending, and on-chain “solver” services used by major cross-chain bridges like Wormhole and Debridge, as well as venture and credit funds that together oversee approximately $1.04 billion, as well as approximately $1.1 billion staked for its validators.
Solmate, which rebranded itself as Brera Holdings earlier this year, plans to use this stack to earn a return on its treasury and to support Solana-based markets that manage stocks, Treasuries and tokenized futures.
The two companies unveiled the Solana infrastructure in the UAE in November, allowing local investors to stake on assets in the region.
“As the combined entity’s staked cash increases, so will its ability to transact for high-frequency traders – while generating stake yield,” the statement said. “Solmate and RockawayX’s infrastructure would provide these same services, not only for trading, but also for everyday on-chain transactions such as consumer payments.”
SLMT shares traded up nearly 6% to $2.51 in pre-market trading Thursday.
