Solmate Plan Raises Stakes for Solana Infrastructure in UAE

Solmate, a newly launched Solana digital asset treasury headquartered in the UAE, is mobilising US$300 million to build on-chain infrastructure and deliver staking-based returns for investors. Marco Santori, formerly Chief Legal Officer of Kraken, has been appointed CEO. The company is setting up bare-metal validators in Abu Dhabi, in partnership with RockawayX, aiming for high reliability and performance in staking operations.

Solmate’s backers include ARK Invest, Pulsar Group, early Solana ecosystem players, and the Solana Foundation. Viktor Fischer of RockawayX joins the board, together with economist Arthur Laffer. Solmate has also secured, or is expecting, preferential access to Solana tokens at reduced entry price via a letter of intent with the Solana Foundation.

Valuation signals are rising. Technical analysts such as Rekt Capital highlight that Solana has overcome a long-term downtrend, with US$238—formerly a resistance threshold—now being tested as support on weekly price charts. KALEO, another trader, suggests that breaching that support convincingly could open up the possibility of SOL passing US$1,000, though no horizon has been projected for that level.

Solmate’s model emphasises institutional accumulation of SOL tokens, staking yields, and infrastructure ownership. Its bare-metal validators are expected to provide superior staking efficiency compared to common validator setups that use shared or virtualised hardware. By aligning with UAE regulatory regimes—particularly through clarity offered by bodies such as the Virtual Assets Regulatory Authority—the company seeks legitimacy alongside performance.

The rise of Solmate follows growing institutional interest in Solana as a blockchain that already processes more transactions and generates more on-chain revenue than many comparable networks. Solana’s native yield-generation via proof-of-stake lends itself well to treasury strategies that combine token accumulation with staking income rather than relying solely on price appreciation.

Investor sentiment is shifting: entities now hold over 15.8 million SOL, worth about US$4 billion, according to Strategic Solana Reserve data. These corporate treasuries represent about 2.75% of SOL’s circulating supply.