December 4, 2025
Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant thumbnail
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Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant

The combined company will fold RockawayX’s infrastructure, liquidity, and asset management units into Solmate.”, — write: www.coindesk.com

The combined company will fold RockawayX’s infrastructure, liquidity, and asset management units into Solmate. Dec 4, 2025, 1:45 pm

Abu Dhabi-focused Solana infrastructure firm Solmate (SLMT) has signed a non-binding term sheet to acquire digital asset firm RockawayX in an all-stock deal that would create an institutional crypto group with more than $2 billion in assets and third-party stake.

The combined company would fold RockawayX’s infrastructure, liquidity and asset management units into Solmate, which is shifting from a passive digital asset treasury to an operating crypto business, and keep on trading under the SLMT ticker.

The deal, expected to close 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 run the RockawayX subsidiary and serve as Solmate’s executive chairman according to a press release shared with CoinDesk.

RockawayX, the blockchain arm of venture capital firm Rockaway Capital, brings onchain market making, lending and “solver” services used by major cross-chain bridges like Wormhole and Debridge, plus venture and credit funds that together oversee about $1.04 billion, along with around $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 back Solana-based markets that handle tokenized stocks, treasuries and futures.

The two firms unveiled Solana infrastructure in the UAE in November allowing local investors to stake assets inside the region.

“As the combined entity’s staked treasury grows, so would its ability to land transactions for high-frequency traders – all in addition to generating staking yield,” the release said. “Solmate’s and RockawayX’s infrastructure would provide these same services, not only for trading, but for everyday onchain transactions like consumer payments as well.”

SLMT shares traded almost 6% higher at $2.51 in pre-market trading on Thursday.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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