Abu Dhabi-focused Solana infrastructure company Solmate (SLMT) has signed a non-binding term sheet to acquire digital asset firm Rockaway
The combined company will integrate RockawayX’s infrastructure, liquidity, and asset management divisions into Solmate, transitioning from a passive digital asset treasury to an operational crypto business that will continue to trade under the SLMT ticker.
The transaction is expected to close in the first half of 2026, but is still subject to definitive agreements, regulatory approvals and shareholder approval.
According to a press release shared with CoinDesk, Solmate CEO Marco Santori will lead the group, while RockawayX CEO Viktor Fischer will run the RockawayX subsidiary and serve as Solmate’s executive chairman.
RockawayX, the blockchain arm of venture capital firm Rockaway Capital, provides on-chain market-making, financing, and “solver” services used in major cross-chain bridges such as wormholes and debridging, as well as venture and credit funds that oversee approximately $1.04 billion combined, in addition to approximately $1.1 billion staked with validators.
Solmate, which rebranded from Brera Holdings earlier this year, plans to use its stack to capture yield on government bonds and support a Solana-based market for tokenized stocks, government bonds and futures.
The companies announced Solana infrastructure in the UAE in November, allowing local investors to own assets in the region.
“As the combined company’s staking finances grow, in addition to generating staking yield, its ability to capture trades for high-frequency traders will also increase,” the release states. “Solmate and RockawayX’s infrastructure will provide similar services not only for transactions, but also for everyday on-chain transactions such as consumer payments.”
SLMT stock traded up about 6% at $2.51 in premarket trading Thursday.
