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Solmate Signs All-Stock Term Sheet to Acquire RockawayX, Forming $2 Billion Solana Platform

The preliminary agreement signals Solmate’s pivot from a passive treasury to an operating infrastructure business on Solana.

Overview

  • RockawayX’s infrastructure, liquidity, market-making, lending, and asset-management units would be folded into Solmate, with the combined company continuing to trade under the SLMT ticker.
  • Solmate CEO Marco Santori is slated to lead the combined group, while RockawayX chief Viktor Fischer would run the RockawayX subsidiary and serve as Solmate’s executive chairman.
  • The transaction remains non-binding and subject to definitive agreements, regulatory clearance, and shareholder approval, with closing targeted for the first half of 2026.
  • Company figures indicate more than $2 billion in combined assets and stake, including RockawayX’s roughly $1.04 billion in venture and credit funds and about $1.1 billion staked to its validators, plus on-chain services used by Wormhole and Debridge.
  • The firms highlight recently launched Solana infrastructure in the U.A.E. to support staking yield and low-latency services for traders, while SLMT shares rose about 6% in pre-market trading after the announcement.