Solmate looks beyond SOL treasury model with RockawayX acquisition
The deal would fold RockawayX’s infrastructure, liquidity and asset-management businesses into Solmate, widening revenue streams for the SOL-focused treasury company.
Solmate, formerly Brera Holdings PLC, has signed a nonbinding term sheet to acquire RockawayX, a deal that would shift the Abu Dhabi–based Solana company from a passive digital-asset treasury to a unified platform offering infrastructure, liquidity and asset-management services.
According to Thursday’s announcement, the all-stock deal would see Solmate acquire all of RockawayX’s operations, including its validator infrastructure and onchain liquidity business, as well as its venture and credit funds, creating a combined entity with more than $2 billion in assets under management.
The companies said the merger would combine their staking, hardware, market-making and asset-management lines under a single roof, pending definitive agreements and regulatory and shareholder approvals expected in 2026.