Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant

Solana infrastructure firm Solmate has signed a non-binding term sheet to acquire digital asset firm RockawayX in an all-stock transaction, aiming to create an institutional crypto group valued at over $2 billion in assets and third-party stakes. The combined entity will integrate RockawayX’s infrastructure, liquidity, and asset management units into Solmate, which will continue trading under the SLMT ticker as it transitions from a passive treasury to an operating crypto business. The deal, expected to close in the first half of 2026, is subject to definitive agreements and regulatory approval. Solmate CEO Marco Santori will lead the group, with RockawayX chief Viktor Fischer serving as executive chairman. RockawayX contributes significant capabilities, including onchain market making, lending, and solver services, alongside overseeing about $1.04 billion in venture/credit funds and $1.1 billion staked to its validators. Solmate intends to leverage this combined infrastructure to generate yield on its treasury and support Solana-based markets for tokenized assets.

(Source：CoinDesk)