ARK Invest, Solana Foundation back new $300M Solana digital asset treasury Solmate

ARK Invest, Solana Foundation back new $300M Solana digital asset treasury Solmate, marking a significant venture that underlines confidence in Solana’s expanding ecosystem and its potential to deliver robust yield generation in the Middle East.

Brera Holdings PLC, the multi‑club football ownership company, announced its rebranding as Solmate, a Solana‑centric digital asset treasury and crypto infrastructure firm, following an oversubscribed PIPE deal that secured $300 million in capital from prominent backers.

The transaction, spearheaded by UAE‑based Pulsar Group, secured the involvement of Ark Invest, the Solana Foundation, and RockawayX (depending on pre‑publish corrections), positioning Solmate at the forefront of token‑driven treasury management.

Solmate plans to deploy a high‑performance Solana staking infrastructure in the UAE, integrating fresh‑built bare‑metal server farms in Abu Dhabi that will outpace conventional DAT (Decentralized Autonomous Treasury) validator setups.

By establishing a native validator, Solmate is set to provide local investors unprecedented access to Solana’s yield‑generating ecosystem, making it the first Middle‑East‑based stakeholder to tap into the network’s staking rewards.

“Solmate isn’t merely another treasury—our strategy hinges on a clearly differentiated approach within a crowded DAT space by building tangible crypto infrastructure directly in the UAE,” declared incoming CEO Marco Santori. “Our partners maintain unwavering conviction in Solana’s long‑term viability and will reap benefits in both bullish and bearish market cycles.”

The governing board will feature seasoned professionals, including Dr. Arthur Laffer and Viktor Fischer from RockawayX, alongside dedicated representatives elected by the Solana Foundation, reinforcing Solmate’s commitment to governance and deep alignment with Solana’s mission.

“By tor­nyng Solana to be a pivot within the UAE’s digital transformation agenda, Pulsar Group’s leadership is ensuring Solmate can partner with leading regional institutions, invigorate developer communities, and accelerate blockchain innovation across the Gulf,” said Alyazi Al Khattal, CEO of Pulsar Group.

Momentum is accelerating across Solana‑focused digital asset treasuries in the global market.

Earlier this week, Helius Medical Technologies finalized a $500 million oversubscribed fundraising round, backed by Pantera Capital and Summer Capital, as it moved a large portion of its reserves towards Solana. Meanwhile, Forward Industries announced a $1.65 billion public equity raise led by Galaxy Digital, Jump Crypto, and Multicoin Capital to launch its own Solana treasury program.

Want to dive deeper into how Solana is shaping financial infrastructure across the Middle East? Explore more.