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Solmate (Nasdaq: SLMT) Announces Term Sheet to Acquire RockawayX, Creating Institutional Crypto Giant with Over $2 Billion in Combined AUM and Third-party Stake
Strategic Combination would Combine Solmate’s Capital Markets Access with RockawayX’s Expertise in Infrastructure, Liquidity and Asset Management ABU DHABI,
About this update from Brera Holdings Plc
[{"type":"text","content":"\nStrategic Combination would Combine Solmate’s Capital Markets Access with RockawayX’s Expertise in Infrastructure, Liquidity and Asset Management\n\n ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--\nSolmate Infrastructure (“Solmate”) (Brera Holdings PLC, NASDAQ: SLMT), the Solana infrastructure company with a strategic focus on Abu Dhabi, today announced the signing of a non-binding term sheet for a business combination with RockawayX. This would mark a transformation from a passive digital asset treasury to an integrated infrastructure, liquidity and asset management business.\n\nTransaction Highlights\n\n\nSolmate would purchase all of the equity of RockawayX in an all-stock transaction, forming a crypto enterprise that integrates infrastructure, liquidity and asset management under one unified entity\n\n\nThe combined entity would continue to trade under the ticker SLMT on the Nasdaq\n\n\nMarco Santori continues as Solmate CEO, overseeing the unified infrastructure and treasury strategy\n\n\nViktor Fischer would continue as CEO of the RockawayX subsidiary and would become Executive Chairman of Solmate upon closing\n\n\nJakub Havrlant, the CEO and founder of Rockaway Capital would join Solmate’s board\n\n\nTransaction expected to close in the first half of 2026, subject to the execution of final binding documents, customary regulatory and shareholder approvals, and satisfaction of closing conditions\n\n\nInfrastructure for Staking and High Frequency Trading\nIn November, Solmate partnered with RockawayX to launch performant Solana infrastructure in the UAE, a significant achievement that gives regional investors the ability to stake their assets locally for the first time. For exchanges, traders, and market makers, proximity to this infrastructure unlocks critical performance advantages: reduced latency, improved execution, and a meaningful edge in markets where milliseconds matter. 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. These services command premium pricing in traditional markets. Solmate's and RockawayX’s infrastructure would provide these same services, not only for trading, but for everyday on-chain transactions like consumer payments as well.\n\nLiquidity: Market Making and Lending\nRockawayX ...