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- Solmate rebrands Brera Holdings with $300M funding to build a Solana-based treasury.
- DeFi Development expands Solana treasury investments globally.
- Institutional $SOL holdings now exceed 15.8 million tokens.
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Cathie Wood’s Ark Invest has joined a $300 million private placement to transform NASDAQ-listed Brera Holdings (BREA) into Solmate, a Solana-based digital asset treasury (DAT). The oversubscribed round, led by UAE-based Pulsar Group with support from RockawayX and the Solana Foundation, will fund Solmate’s buildout of Solana infrastructure and validator networks in the UAE.
Solmate Targets Yield Generation Through Solana Infrastructure
Solmate plans to accumulate and stake Solana ($SOL) tokens while operating bare metal servers in Abu Dhabi to deliver native Solana yields. These high-performance validators aim to outperform traditional strategies and give regional investors direct access to on-chain rewards.
Marco Santori, former Chief Legal Officer at Kraken, will serve as Solmate’s new CEO. Known for pioneering early altcoin treasuries, Santori emphasized that Solmate is “not just another treasury” but a builder of real crypto infrastructure in the Middle East.
New Board Brings High-Profile Backers
Solmate’s board will include prominent figures like economist Dr. Arthur Laffer and Viktor Fischer, CEO of RockawayX and an early Solana backer. The Solana Foundation will appoint two more members. The project could follow in the footsteps of SOL Strategies, another Solana treasury firm recently approved for a NASDAQ listing.
DeFi Development Corp Expands Treasury Accelerator
In parallel, DeFi Development Corp (NASDAQ: DFDV) is expanding its Treasury Accelerator program to deploy $5 million to $75 million per vehicle into digital asset treasuries globally, partly funded in $SOL. The company aims to compound treasury gains and grow Solana per share, signaling growing institutional confidence in the asset.
Also Read: Bitcoin to $1.5M? Cathie Wood, Michael Saylor, and Tom Lee Say Institutional FOMO Is Just Beginning
With corporate treasuries now holding over 15.8 million SOL—worth nearly $4 billion—Solana’s role as a preferred institutional asset is strengthening. SOL’s price climbed to $246.93 following the news.
Institutional interest in Solana is accelerating, with Solmate’s $300 million raise marking a major step in building long-term infrastructure and validator networks in the Middle East. As treasury models expand, Solana is steadily becoming a cornerstone of institutional crypto strategies.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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