Abu Dhabi-focused Solana infrastructure company Solmate (SLMT) has signed a non-binding term sheet to acquire digital asset firm RockawayX in an all-stock deal that will create an institutional crypto group with more than $2 billion in assets and third-party stakes.
The combined company will bring RockawayX’s infrastructure, liquidity and asset management divisions into Solmate, which is transitioning from a passive digital asset library to operating a crypto business and will continue to trade under the SLMT ticker.
The transaction is expected to close in the first half of 2026 and remains subject to final agreements, regulatory clearances and shareholder approvals.
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.
Rock away
Solmate, which rebranded from Brera Holdings earlier this year, plans to use the stack to monetize its vaults and support a Solana-based marketplace that handles tokenized stocks, Treasury bills and futures.
The two companies launched Solana infrastructure in the UAE in November, allowing local investors to invest in assets in the region.
“As the combined entity’s staking vault grows, so will its ability to conduct transactions for high-frequency traders – in addition to generating staking returns,” the press release states. “Solmate and RockawayX’s infrastructure will provide the same services, not only for trading, but also for daily on-chain transactions such as consumer payments.”
SLMT shares rose nearly 6% to $2.51 in premarket trading Thursday.