PANews, December 4—According to CoinDesk, Solana infrastructure company Solmate (stock code SLMT), which focuses on the Abu Dhabi market, has signed a non-binding term sheet to acquire digital asset company RockawayX via an all-stock transaction. The acquisition will create an institutional crypto group with over $2 billion in assets under management and third-party interests. The merged company will integrate RockawayX’s infrastructure, liquidity, and asset management businesses into Solmate, which is transitioning from passive digital asset fund management to an operational crypto business, and will continue to trade under the stock code SLMT.
Solmate CEO Marco Santori will lead the group, while RockawayX CEO Viktor Fischer will be responsible for operating the RockawayX subsidiary and will serve as executive chairman of Solmate. RockawayX is the blockchain division of venture capital firm Rockaway Capital, providing on-chain market making, lending, and other services. The company also manages venture and credit funds, which collectively oversee about $1.04 billion in assets, with an additional $1.1 billion in assets staked on its validator nodes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Tests Quantum-Resistant Signatures but Encounters a Sharp Speed Penalty
Solana is collaborating with Project Eleven to develop quantum-resistant signatures, facing challenges with larger signature sizes and a 90% reduction in network speed. This raises concerns about balancing future security with current performance and scalability.
CryptoNewsFlash10h ago
Solana Foundation Launches Agent Skills to Bring AI Agents On-Chain
Solana Foundation has introduced Solana Agent Skills, a toolkit for integrating prebuilt on-chain capabilities into AI tools, enabling faster development of AI agents that can execute blockchain actions efficiently. This simplifies the process for developers and positions Solana favorably in the evolving intersection of crypto and AI.
CryptoNewsFlash10h ago
Solana Recovery Gains Pace While Derivatives Data Shows Split Sentiment
Key Insights
Solana records four consecutive days of gains as funding rates rise, signaling stronger retail interest while overall market conviction remains divided across participants.
Declining futures Open interest alongside rising funding rates highlights reduced trader exposure,
CryptoNewsLand12h ago
Solana Eyes $90 as Volume Surge Fuels Short-Term Rally
Key Insights:
The Solana price rebounded from recent lows near $80 as trading volume surged sharply, signaling renewed participation and stronger short-term market momentum.
A golden cross on lower time frames reinforced bullish sentiment, with technical indicators suggesting continued
CryptoNewsLand12h ago
Bitcoin ETF Sees $159.62M Single-Day Outflow While Ethereum and Solana ETFs Continue Negative Trend
Gate News message, according to April 9 data, Bitcoin ETFs recorded a single-day net outflow of 2,242 BTC (valued at $159.62M), while showing a 7-day net inflow of 2,723 BTC ($193.89M). Ethereum ETFs experienced a single-day net outflow of 23,158 ETH ($50.48M), with 7-day net outflows reaching 22,90
GateNews16h ago
