Solmate Acquires RockawayX in All-Stock Merger, Creating $2B Solana (SOL) Powerhouse for Institutions

In a major consolidation move within the Solana ecosystem, digital asset investment firm Solmate is set to acquire venture capital firm RockawayX. The transaction, structured as an all-stock deal, aims to forge a new institutional giant with a combined portfolio value exceeding $2 billion. This strategic merger is designed to enhance capital deployment and support for high-potential projects built on the Solana blockchain. The combined entity will leverage RockawayX's extensive venture portfolio and Solmate's investment expertise to accelerate the growth of the Solana network. This deal signals strong institutional confidence in the future of Solana (SOL) as a leading layer-1 platform for decentralized applications and finance.