Solmate, an Abu Dhabi-based infrastructure company focused on Solana, has announced plans to acquire RockawayX in an all-stock transaction. This strategic move, reported on December 4th, will create a combined entity managing over $2 billion in assets. The acquisition will integrate RockawayX's infrastructure, liquidity, and asset management operations into Solmate, which is shifting from passive fund management to a more active cryptocurrency business model.
The merged company will continue to trade under the ticker symbol SLMT, with Solmate CEO Marco Santori at the helm. RockawayX CEO Viktor Fischer will manage the RockawayX subsidiary and serve as Solmate's executive chairman. RockawayX, a unit of Rockaway Capital, specializes in on-chain market making, lending, and manages venture capital and credit funds totaling approximately $1.04 billion, with an additional $1.1 billion in assets pledged on its validator nodes.
Solmate to Acquire RockawayX, Forming $2 Billion Solana Powerhouse
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