Solmate to Acquire RockawayX in $2 Billion Institutional Solana Deal
Solmate has announced plans to acquire RockawayX in an all-stock deal based on a non-binding term sheet. The merger aims to create an institutional cryptocurrency group with over $2 billion in assets.
Under the agreement, the combined company will integrate RockawayX's infrastructure, liquidity, and asset-management units into Solmate. Marco Santori, CEO of Solmate, will continue as CEO, while Viktor Fischer of RockawayX will serve as executive chairman and lead the RockawayX subsidiary.
The deal is expected to close in the first half of 2026, subject to definitive agreements, regulatory clearance, and shareholder approval.
RockawayX, the blockchain division of Rockaway Capital, offers on-chain market making, lending, and "solver" services utilized by platforms such as Wormhole and Debridge. Its venture and credit funds collectively total about $1.04 billion, with approximately $1.1 billion staked to its validators.
In November, Solmate and RockawayX launched Solana infrastructure in the UAE, enabling regional investors to stake assets locally.
Solmate plans to leverage its treasury to generate yield and support Solana-based markets dealing with tokenized stocks, treasuries, and futures. This reflects the company’s shift from a passive treasury model to an active operating crypto business.
The merged entity's staked treasury is anticipated to enhance opportunities for high-frequency traders and facilitate everyday on-chain transactions such as consumer payments.
Ahead of the announcement, SLMT shares increased nearly 6% to $2.51 in pre-market trading.
