Solmate & RockawayX: Billion-Dollar Crypto Merge!

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Finance

What to know:

  • Solmate, that paragon of virtue, has inked a non-binding term sheet to acquire RockawayX in an all-stock deal-because nothing says “trust us” like swapping shares for a $2B crypto empire 🐍💸.
  • The combined company will fold RockawayX’s infrastructure, liquidity, and asset management units into Solmate, with Solmate CEO Marco Santori as CEO and RockawayX chief Viktor Fischer as executive chairman. Because who needs a real plan when you can have a title? 🧠
  • The deal aims to create a crypto group that can earn yield on its treasury, back Solana-based markets, and provide services for high-frequency traders and everyday on-chain transactions. Because nothing says “disruption” like a $2B merger that’s still in the “maybe” phase 🚀.

Abu Dhabi-focused Solana infrastructure firm Solmate (SLMT) has signed a non-binding term sheet to acquire digital asset firm RockawayX in an all-stock deal that would create an institutional crypto group with more than $2 billion in assets and third-party stake. Because why not? 🤝

The combined company would fold RockawayX’s infrastructure, liquidity and asset management units into Solmate, which is shifting from a passive digital asset treasury to an operating crypto business, and keep on trading under the SLMT ticker. Because nothing says “innovation” like rebranding your company and then buying another one 🧾.

The deal, expected to close in the first half of 2026, still requires definitive agreements, regulatory clearance and shareholder approval. Because nothing says “confidence” like a timeline that’s already a year away ⏳.

Solmate CEO Marco Santori would lead the group, while RockawayX chief Viktor Fischer would run the RockawayX subsidiary and serve as Solmate’s executive chairman according to a press release shared with CoinDesk. Because who needs a real CEO when you can have a title? 🧑‍💼

RockawayX, the blockchain arm of venture capital firm Rockaway Capital, brings onchain market making, lending and “solver” services used by major cross-chain bridges like Wormhole and Debridge, plus venture and credit funds that together oversee about $1.04 billion, along with around $1.1 billion staked to its validators. Because nothing says “trust us” like a company that’s already got $2B in assets and a 2026 closing date 🙃.

Solmate, which rebranded from Brera Holdings earlier this year, plans to use that stack to earn yield on its treasury and to back Solana-based markets that handle tokenized stocks, treasuries and futures. Because who needs actual products when you can have “yield”? 💰

The two firms unveiled Solana infrastructure in the U.A.E. in November allowing local investors can stake assets inside the region. Because nothing says “global dominance” like a blockchain in the Middle East 🌍.

“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,” the release said. “Solmate’s and RockawayX’s infrastructure would provide these same services, not only for trading, but for everyday onchain transactions like consumer payments as well.” Because nothing says “disruption” like a merger that’s already a year away and still needs a “definitive agreement” 🤯.

SLMT shares traded almost 6% higher at $2.51 in pre-market trading on Thursday. Because nothing says “market confidence” like a stock that’s already up 6% before the deal even closes 📈.

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2025-12-04 17:27