Solmate launches with $300m to establish Solana treasury in UAE
The post Solmate launches with $300m to establish Solana treasury in UAE appeared on BitcoinEthereumNews.com. Solmate launched with $300 million to establish a Solana treasury in UAE. Emerging from an oversubscribed private placement with backing from Ark Invest and UAE’s Pulsar Group, the new entity seeks to build physical staking infrastructure in Abu Dhabi. Summary Solmate launches with $300 million to establish a Solana treasury in the UAE, rebranding from Brera Holdings. Backed by Ark Invest, Pulsar Group, RockawayX and the Solana Foundation, with plans for Abu Dhabi-based staking infrastructure. According to a press release dated September 18, the capital was secured through a PIPE deal that will see Brera Holdings PLC, a Nasdaq-listed multi-club football ownership company, completely rebranded as Solmate. The financing was spearheaded by UAE-based advisory firm Pulsar Group and garnered significant demand from a notable consortium, including Cathie Wood’s Ark Invest, early Solana (SOL) infrastructure specialist RockawayX, and the Solana Foundation itself. Notably, the move installs crypto legal veteran and former Kraken CLO Marco Santori as CEO, with economist Arthur Laffer and RockawayX’s Viktor Fischer joining the board. Why Solmate is betting on Solana Per the statement, Soulmate views SOL as both fast-growing and structurally different from its peers. The company said the Solana blockchain processes more transactions and generates more on-chain revenue than all other networks combined. Unlike Bitcoin, Solana is natively yield-generating through its proof-of-stake consensus mechanism, creating a tangible revenue opportunity for treasury holders through staking. Solmate’s strategy is a direct bet on this economic model, positioning the company to capitalize on the network’s growth. “Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike. Solmate is well-positioned as Solana adoption accelerates across institutional markets, DeFi, NFTs and AI,” Solmate CEO Marco Santori said. To facilitate this aggressive accumulation, Solmate has negotiated a significant…
The post Solmate launches with $300m to establish Solana treasury in UAE appeared on BitcoinEthereumNews.com.
Solmate launched with $300 million to establish a Solana treasury in UAE. Emerging from an oversubscribed private placement with backing from Ark Invest and UAE’s Pulsar Group, the new entity seeks to build physical staking infrastructure in Abu Dhabi. Summary Solmate launches with $300 million to establish a Solana treasury in the UAE, rebranding from Brera Holdings. Backed by Ark Invest, Pulsar Group, RockawayX and the Solana Foundation, with plans for Abu Dhabi-based staking infrastructure. According to a press release dated September 18, the capital was secured through a PIPE deal that will see Brera Holdings PLC, a Nasdaq-listed multi-club football ownership company, completely rebranded as Solmate. The financing was spearheaded by UAE-based advisory firm Pulsar Group and garnered significant demand from a notable consortium, including Cathie Wood’s Ark Invest, early Solana (SOL) infrastructure specialist RockawayX, and the Solana Foundation itself. Notably, the move installs crypto legal veteran and former Kraken CLO Marco Santori as CEO, with economist Arthur Laffer and RockawayX’s Viktor Fischer joining the board. Why Solmate is betting on Solana Per the statement, Soulmate views SOL as both fast-growing and structurally different from its peers. The company said the Solana blockchain processes more transactions and generates more on-chain revenue than all other networks combined. Unlike Bitcoin, Solana is natively yield-generating through its proof-of-stake consensus mechanism, creating a tangible revenue opportunity for treasury holders through staking. Solmate’s strategy is a direct bet on this economic model, positioning the company to capitalize on the network’s growth. “Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike. Solmate is well-positioned as Solana adoption accelerates across institutional markets, DeFi, NFTs and AI,” Solmate CEO Marco Santori said. To facilitate this aggressive accumulation, Solmate has negotiated a significant…
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