Solmate Plans Acquisition of RockawayX in $2B Asset Integration Deal
According to an official release, Solmate’s planned acquisition of RockawayX reflects growing institutional confidence in Solana, aiming to expand its ecosystem and accelerate blockchain adoption.
Solmate, an Abu Dhabi-based Solana infrastructure firm, announced via press release a non-binding term sheet to acquire RockawayX in an all-stock deal, creating an institutional crypto group managing over $2 billion in assets. The integration will involve RockawayX’s infrastructure, liquidity, and asset management services, shifting Solmate from a passive treasury holder to an active crypto operator under the SLMT ticker. Marco Santori will serve as CEO, while Viktor Fischer will lead the RockawayX subsidiary and act as executive chairman. The acquisition underscores institutional confidence in Solana’s ecosystem, aiming to boost its development and adoption. The deal is subject to final agreements, regulatory clearance, and shareholder approval, with closure expected in the first half of 2026. SLMT shares rose nearly 6% in pre-market trading to $2.51 following the announcement.
- All-stock deal: A type of acquisition where the purchase is paid entirely with shares of the acquiring company instead of cash.
- Institutional crypto group: A large-scale cryptocurrency-focused organization providing services such as infrastructure, liquidity, and asset management for institutional clients.
- Solana-based markets: Trading or financial service platforms that operate primarily on the Solana blockchain network, enabling fast, low-cost transactions.