Solmate has agreed to acquire RockawayX in an all-stock transaction aimed at creating one of the largest institutional Solana-focused platforms, with a combined valuation expected to hit around US$2 billion, according to CoinDesk.
The merger positions the new entity as a heavyweight in Solana’s fast-expanding institutional ecosystem, bringing together Solmate’s infrastructure and RockawayX’s investment and staking operations. Both firms have been early believers in Solana’s high-throughput blockchain, which has seen a resurgence in developer activity and institutional attention throughout 2025.
The deal is designed to consolidate liquidity, strengthen risk management frameworks, and scale enterprise-grade services for hedge funds, asset managers, exchanges, and large-volume traders operating on Solana. By combining their asset pools and technology stacks, the merged firm aims to offer deeper execution capabilities, more efficient staking products, and integrated treasury services for institutional clients.
The partnership also signals rising confidence in Solana’s durability, following a period of volatility earlier in the cycle. With record transaction volumes, strong stablecoin flows, and improved network stability, Solana has become one of the most actively used blockchains for trading, payments, and DeFi infrastructure.
Industry observers see the acquisition as part of a broader trend of consolidation across the digital asset market, where established players are merging to achieve scale and compliance strength ahead of upcoming regulatory frameworks.
The new Solana-focused powerhouse is expected to finalize the integration in 2026, with both leadership teams set to guide expansion across Europe, Asia, and North America.
