ARK Invest Backs Solmate's Crypto Infrastructure Pivot
Update: 2025-12-25
Description
Cathie Woods ARK Invest has joined a $300M private placement in Solmate Infrastructure, formerly Brera Holdings, which has pivoted from football club operation to Solana-based crypto infrastructure. The company, led by former Kraken chief legal officer Marco Santori, is stacking, staking, and validating Solana tokens in Abu Dhabi. Despite a 75% stock drop this year, investors see potential in this contrarian play. Solmate has launched the first bare-metal Solana validator in the UAE, offering zero-commission staking and minting its first block. Theyre also rolling out RPC nodes and colocation services. Looking ahead, Solmate has signed a term sheet to buy RockawayX, which manages $1.1B in assets, turning Solmate into a full infrastructure and asset management powerhouse. With the blockchain market projected to reach nearly $400B by 2032, this pivot could pay off big if crypto rebounds.
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