Key Highlights
- Solmate has revealed its plan to acquire RockawayX in an all-stock deal, which will create a combined crypto firm with over $2 billion in assets under management
- This merger will create an institutional crypto platform that will provide different services, blockchain infrastructure, liquidity, and venture capital asset management
- This combined company will be based in Abu Dhabi, UAE
Solmate Infrastructure, a leading Solana treasury company from Abu Dhabi, has announced that it signed a non-binding agreement to combine with RockawayX, a blockchain-focused venture capital firm.
(Source: Solmate on X)
This planned combination has not reached final terms but hints at a full merger. If this happens, this agreement would create a single massive company with $2 billion in assets.
Solmate’s Non-binding Agreement with RockawayX.
The agreement for the merger is expected to create a one-stop platform for institutional cryptocurrency investors. The new entity would run three major businesses, including infrastructure, liquidity, and asset management.
According to the press release, the company will provide a very important infrastructure for the Solana blockchain network. This includes buzzing services like “staking,” where users can earn rewards by contributing to securing the network. It also includes running high-speed servers that allow traders the ability to execute transactions in a faster manner.
These two companies have already worked together to launch this kind of infrastructure in the United Arab Emirates (UAE), which allows investors to stake their assets for the first time.
Apart from this, Rockaway will also help the company to boost much-needed liquidity. It means that it will provide crucial capital that allows DeFi platforms and crypto markets to function smoothly. It will act as a market maker, which ensures that assets can be bought and sold easily.
It also works as a “solver” service that settles large transactions across different blockchains. Additionally, Rockaway also runs a private lending fund that provides credit to other major market players.
Rockaway X has a history of early investments in many crypto projects like Kamino and Morpho. It also manages many venture capital and credit funds. As of late 2025, these funds collectively managed approximately $1.1 billion in assets.
According to the official press release, Solmate would buy all of the equity of RockawayX using its own stock. Also, the company would keep trading under the ticker SLMT on the Nasdaq.
Executives Call the Deal a Flywheel
If we talk about a change in its leadership, the leadership would blend both teams, with Solmate’s current CEO, Macro Santori, remaining in charge. Meanwhile, RockawayX’s CEO, Viktor Fischer, would become Executive Chairman of Solmate.
Executives from both companies called the deal a “flywheel”. Solmate’s growing treasury of assets can help Rockaway expand its trading and lending operations. In return, they can generate more yield and value for the treasury.
“RockawayX’s business lines would grow Solmate’s treasury and Solmate’s treasury would grow RockawayX’s business lines,” Marco Santori, Solmate CEO, stated in the press release. “Some call it synergy to combine them. We call it the Infrastructure Flywheel™. Look at the big picture.”
He further added, “The new Solmate is going to tackle a global blockchain infrastructure market that topped $20 billion in 2024. It could grow to over $390 billion by 2032, representing a sustained CAGR of 43.6%.1 This is a big prize. Viktor and I want to win it. Doing so will require a big treasury, a lot of hardware, and low-latency connectivity. This term sheet marks an important step toward bringing them all together.”
“As an early investor in Solana and the largest PIPE investor in Solmate, we’ve had conviction in both the network and this strategy from day one,” Viktor Fischer, CEO of RockawayX, said. “We designed our firm based on what blockchain projects need to scale and grow: capital, infrastructure, and liquidity. Alongside Marco and Solmate, we will leverage this expertise to power the Internet Capital Markets thesis and make the UAE the global hub of on-chain finance.”
