rewrite this content using a minimum of 1200 words and keep HTML tags
Quick take:
Upon completion, the deal will transform Solmate from a passive digital asset treasury into an integrated infrastructure, liquidity, and asset management business.
The deal will see Solmate purchase all of the equity of RockawayX in an all-stock transaction.
The combined company will continue to trade under the ticker name SLMT on the Nasdaq, with RockawayX’s infrastructure, liquidity, and asset management units folded into Solmate.
Solmate, the Abu Dhabi, UAE-based Solana infrastructure company, has announced the acquisition of Web3-focused venture capital firm RockawayX. The two companies said Thursday that they have signed a non-binding term sheet for a business combination, which would form a $2 billion institutional group focused on the Solana ecosystem.
According to the press release seen by NFTgators, the combination will transform Solmate from a passive digital asset treasury into an integrated infrastructure, liquidity, and asset management business.
The deal is structured as an all-equity transaction with RockawayX’s infrastructure, liquidity, and asset management units folded into Solmate. The combined company will continue to trade under the ticker name SLMT on the Nasdaq.
As part of the deal, Marco Santori continues as Solmate CEO, overseeing the unified infrastructure and treasury strategy, while Viktor Fischer continues as CEO of the RockawayX subsidiary, before becoming Executive Chairman of Solmate upon closing, in the first half of 2026.
Jakub Havrlant, the CEO and founder of Rockaway Capital, is also set to join Solmate’s board, the companies said.
“RockawayX’s business lines would grow Solmate’s treasury and Solmate’s treasury would grow RockawayX’s business lines,” said Marco Santori, Solmate CEO. “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.”
Viktor Fischer, CEO of RockawayX, added: “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.”
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
