Solmate Plans to Acquire RockawayX, Aiming to Become a $2 Billion Solana Giant

As per HashNews, Solana infrastructure firm Solmate (SLMT), focused on the Abu Dhabi market, has signed a non-binding letter of intent to acquire digital asset company RockawayX in an all-stock transaction. The merger aims to create a structured cryptocurrency group managing over $2 billion in assets and third-party interests. The combined entity will integrate RockawayX’s infrastructure, liquidity, and asset management into Solmate’s crypto-focused operations and continue trading under the SLMT ticker. Marco Santori, Solmate’s CEO, will lead the group, while Viktor Fischer, RockawayX’s CEO, will oversee RockawayX’s operations and serve as Solmate’s executive chairman. RockawayX, the blockchain division of venture capital firm Rockaway Capital, provides on-chain market making, lending, and manages VC and credit funds, overseeing approximately $1.04 billion in assets and $1.1 billion in staked assets on its validator nodes.