Solmate to buy RockawayX in all-stock deal, creating $2B Solana infrastructure and staking group
Solmate (formerly Brera Holdings PLC), an Abu Dhabi–based company focused on Solana, has signed a nonbinding all‑stock term sheet to acquire RockawayX. The transaction would combine RockawayX’s validator infrastructure, on‑chain market making and liquidity services, venture and credit funds, and staking assets into Solmate, creating a combined group with over $2 billion in assets under management and third‑party stakes. The merged business aims to unify staking, hardware, market‑making and asset management while offering latency‑sensitive services — including transaction ordering — for exchanges, high‑frequency traders and institutional clients, with Abu Dhabi positioned as an operational hub. The companies recently began cooperating by deploying Solana validators in the UAE to support local institutional staking. The deal remains subject to definitive agreements, regulatory clearance and shareholder approval and is expected to close in H1 2026. RockawayX brings on‑chain market‑making, lending and validator staking (about $1.1B staked) plus roughly $1.04B in venture and credit fund AUM. Following the announcement, Solmate’s stock (SLMT) rose about 6% in early trading. Primary keywords: Solmate acquisition, RockawayX, Solana infrastructure, staking, on‑chain liquidity. Secondary keywords: validator, asset management, Abu Dhabi hub, all‑stock deal, AUM $2B.
Bullish
The acquisition news is likely bullish for SOL-related trading sentiment and for Solmate’s listed equity (SLMT). Consolidating RockawayX’s validators, staking assets and on‑chain market‑making into Solmate strengthens a revenue‑generating, infrastructure‑focused business model that can earn staking yield and provide latency‑sensitive services to exchanges and HFTs. Short term, SLMT shares rose ~6% on the announcement, reflecting positive market reaction. For SOL (and broader Solana ecosystem sentiment), the deal signals deeper institutional infrastructure and staking capacity in Abu Dhabi, which could support increased staking demand and network activity — a constructive signal for traders. Long term, successful integration and regulatory approvals would convert a passive treasury into an operating infrastructure and liquidity provider, supporting sustained staking yield and potentially higher demand for SOL; however, execution risk, regulatory hurdles and timing (closing expected H1 2026) temper the outlook. Overall impact on price is expected to be positive but dependent on execution and approvals.