Solmate Joins Solana Treasury Push With $300M Funding From UAE Investors, ARK Invest

CN
coindesk
Follow
14 hours ago


Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana (SOL) digital asset treasury field raising $300 million to accumulate the token.

Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity (PIPE) round. It will also rebrand to Solmate, while maintaining its sports-ownership business.

The shares rallied 14% following the news. SOL rose 5% over the past 24 hours.

Solmate's debut follows recent high-profile Solana treasury plays such as Galaxy-backed Forward Industries (FORD) and Pantera-backed Helius Medical Technologies (HSDT) as the digital asset treasury trend is expands beyond bitcoin (BTC) and ether (ETH).

The Brera venture aims to hold and stake SOL tokens, build out validator infrastructure in Abu Dhabi and pursue revenue from Solana-native projects. Its first planned deployment is a set of bare metal servers configured to outperform traditional validator setups, giving regional investors direct access to Solana’s staking yields, the firm said.

Marco Santori, a longtime digital asset lawyer and former Kraken executive, will lead Solmate as CEO, while economist Arthur Laffer, RockawayX CEO Viktor Fischer and two appointees from the Solana Foundation join the board.

Read more: Ether Bigger Beneficiary of Digital Asset Treasuries Than Bitcoin or Solana: StanChart


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink