Solmate Infrastructure, the Abu Dhabi-focused Solana infrastructure company, has entered into a non-binding term sheet to acquire RockawayX. This all-stock transaction is set to forge one of the most significant institutional players in digital asset infrastructure liquidity and asset management, boasting over $2 billion in combined AUM and third-party stake. The consolidated entity will operate under the ticker SLMT, with the acquisition expected to finalize in the first half of 2026, pending final documentation and necessary approvals.
Under the proposed arrangement, Marco Santori will continue in his role as CEO of Solmate, leading the unified treasury and infrastructure strategy. Viktor Fischer will remain CEO of the RockawayX subsidiary and will also assume the position of Executive Chairman of Solmate. Additionally, Rockaway Capital founder Jakub Havrlant is slated to join the board.
This development follows the recent launch of Solmate and RockawayX's high-performance Solana infrastructure within the UAE. This initiative allows regional investors to stake assets locally for the first time, offering exchanges, traders, and market makers a substantial low-latency advantage. This improvement enhances execution speeds and opens up new avenues for high-frequency trading and on-chain payments.
RockawayX contributes its industry-leading expertise in liquidity, market making, and on-chain credit. Its solver division provides support for major cross-chain bridges, including Wormhole and Debridge. Furthermore, its credit fund and venture investments in early-stage protocols such as Kamino, Morpho, Exponent, and OnRe position the combined group to accelerate Solana's Internet Capital Markets thesis.
The transaction serves to bolster Abu Dhabi's expanding influence as a global hub for on-chain finance. With inherent latency advantages, access to substantial institutional capital, and regulatory clarity, the UAE is strategically positioned to host the next generation of blockchain infrastructure. Solmate and RockawayX intend to be foundational to this vision by enhancing bare-metal validator operations, co-location capabilities, and institutional-grade transaction ordering services.
As a strategic partner of Abu Dhabi Finance Week (December 8-11, 2025), Solmate will further elaborate on its regional strategy during a joint keynote address by CEO Marco Santori and RockawayX CEO Viktor Fischer on December 10, 2025.
About Solmate Infrastructure
Solmate Infrastructure, operating under the new name of Brera Holdings PLC (NASDAQ: SLMT), is dedicated to building institutional-grade Solana staking, validation, and treasury infrastructure with a strategic focus on Abu Dhabi. Supported by ARK Invest, RockawayX, Pulsar Group, and prominent UAE investors, Solmate is deploying capital and hardware to advance Solana adoption throughout the Middle East and beyond. The company will continue to manage Brera’s multi-club football team model. Further information is available at www.solmate.com.
About RockawayX
RockawayX is a global digital asset firm with operations spanning three divisions: infrastructure, liquidity, and asset management. RockawayX Infrastructure manages bare-metal hardware blockchain nodes and validators, developing bespoke software and hardware solutions for transaction ordering. RockawayX Liquidity generates on-chain yield by lending capital to DeFi protocols and applications, and its market-making and solver divisions support major cross-chain settlement layers. RockawayX Asset Management invests in early-stage infrastructure businesses and DeFi protocols, forming the foundation of the emerging on-chain financial system. RockawayX is part of the Rockaway Capital group, an asset manager overseeing several open-ended investment funds in Private Equity and Tech. Rockaway Capital will retain control over the existing RockawayX Venture Funds.
Forward-Looking Statements and Non-Binding Term Sheet
This press release contains forward-looking statements as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are identifiable by the use of terms such as "anticipate," "expect," "plan," "could," "would," "may," "will," "believe," "estimate," "forecast," "goal," "project," and similar phrases. They address various aspects, including the anticipated timeline for the potential acquisition of RockawayX by Solmate, strategies for building infrastructure in the Middle East, Solmate's plans for value creation and strategic advantages, merger and acquisition strategies, the potential for entering definitive agreements and completing the proposed transaction, the transaction's structure, including the operations of RockawayX's asset management business lines, opportunities for market size and growth, new business lines and revenue generation, regulatory conditions, competitive positioning, the interest of other entities in similar business strategies, technological and market trends, future financial conditions and performance, and the expected financial impacts of the proposed actions. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, the possibility that the proposed actions may not be completed in a timely manner or at all, or on terms that are beneficial to Solmate and its shareholders; the failure to realize the anticipated benefits of the actions and the digital asset treasury strategy and flywheel model; changes in business, market, financial, political, and regulatory conditions; risks associated with Solmate's operations and business, including the highly volatile nature of Solana and other cryptocurrency prices; the risk that Solmate's securities prices may be highly correlated to the price of the digital assets it holds; risks related to increased competition in the industries and markets in which Solmate operates (including the digital assets market); risks related to significant legal, commercial, regulatory, and technical uncertainty surrounding digital assets; risks related to the tax treatment of crypto assets in the U.S. and internationally; risks related to the integration and operation of RockawayX; and other risks and uncertainties detailed in Solmate's filings with the Securities and Exchange Commission. The forward-looking statements in this press release are valid only as of the date of this document, and Solmate assumes no obligation to update or revise these statements. The non-binding term sheet between Solmate and RockawayX outlines the proposed framework for the transaction but is contingent upon satisfactory due diligence, the execution of a definitive, binding acquisition agreement, and any required regulatory and shareholder approvals, none of which are guaranteed. Therefore, there is no assurance that a final transaction will be completed.