Solmate Raises $300 Million to Develop Solana Infrastructure in the UAE
Date: 2025-09-22 Author: Gabriel Deangelo Categories: BUSINESS
Irish holding company Brera Holdings PLC announced it has changed its name to Solmate and launched operations in the digital asset and Solana infrastructure space. The company has secured the backing of major investors and raised $300 million in private funding, led by Dubai-based Pulsar Group with participation from ARK Invest, Solana Foundation, and RockawayX.
The project's primary focus is building infrastructure for the Solana network in Abu Dhabi. Solmate intends to invest in SOL token staking and the creation of high-performance servers that will allow the company to become the first official Solana validator in the region. This will give investors from the Middle East access to revenue generated directly by the network.
The company will be led by Marco Santori, former chief legal officer of the Kraken exchange. He emphasized that Solmate will not limit itself to being an "asset treasury," but will develop real crypto infrastructure:
"We are creating a strategy that will withstand market fluctuations and allow for the accumulation of SOL during both periods of growth and decline. This is a long-term project based on confidence in the future of the Solana ecosystem."
The board of directors includes prominent figures in the financial and crypto worlds. Among them are Nobel laureate economist Arthur Laffer, who believes stable money is the foundation of a strong economy, and RockawayX CEO Victor Fisher, who is confident in Solana's dominant future in the capital markets.
Laffer noted that the return to a rules-based currency through digital assets is a significant step forward for the global economy. Fisher added that RockawayX's experience in infrastructure and yield management will help Solmate more quickly realize its ambitious plans.
Pulsar Group also pledged its support for the project. Solmate CEO Alyazi Al-Khattal stated that Solmate will be part of the UAE's digital transformation. He stated that synergy with the Solana ecosystem will allow the company to develop partnerships, attract developers, and build an innovative community in the region.
Solmate's launch coincides with growing interest in hoarding Solana. Helius Medical Technologies, Pantera Capital, and Forward Industries previously announced similar strategies, confirming the growing momentum around the Solana blockchain.
Solmate thus has the opportunity to transform Abu Dhabi into a key hub for global crypto infrastructure by combining long-term investments, technological development, and the support of major industry players.
