Solmate Debuts wiht $300 Million for Solana Treasury in UAE
Solmate emerged with a $300 million investment to set up a Solana treasury in the UAE. Formerly known as Brera Holdings, this rebranded entity aims to develop staking infrastructure in Abu Dhabi.
The funding came from a oversubscribed private placement led by Pulsar Group, garnering support from big names like Ark Invest, RockawayX, and the Solana Foundation. The company, previously listed on Nasdaq under ‘BREA,’ went through a significant transformation driven by increasing interest in Solana’s promising future.
- Marco Santori, ex-Kraken CLO, now heads Solmate as CEO.
- Economist Arthur Laffer and RockawayX’s Viktor Fischer joined the board.
Why focus on Solana? Its seen as a rapidly growing network, generating more on-chain revenue than others combined.Unlike Bitcoin, Solana uses a proof-of-stake system, making it yield-generating. This suits large-scale accumulators like Solmate.
Marcio Santori explains: “Our investors believe strongly in Solana’s development.We plan to buy SOL whether market trends are positive or negative. As Solana becomes popular among institutions, DeFi, NFTs, and AI, Solmate stands a strong chance to succeed.”
In business terms, Solmate negotiated favorable SOL token access prices and will use part of their funds to build Abu Dhabi infrastructure, starting with custom server installations for efficient validation.
Following the news, Brera Holdings’ stock soared 412% to $39.22—a huge leap for investors.
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