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

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By Krisztian Sandor , AI Boost | Edited by Sheldon Reback Sep 18, 2025, 2:52 p.m. Solana (CoinDesk) What to know : Brera Holdings (BREA), now rebranded as Solmate, raised $300 million to build a SOL-focused digital asset treasury, backed by including ARK Invest and the Solana Foundation. Shares of Brera Holdings surged 14% following the announcement. The company plans to develop Solana validator infrastructure in Abu Dhabi and generate revenue from Solana-native projects, with ex-Kraken executive Marco Santori as CEO. Brera Holdings (BREA) , a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana SOL $ 247.98 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. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . 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 $ 117,650.38 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 Solana Digital Asset Treasury ARK Invest UAE AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You DeFi TVL Rebounds to $170B, Erasing Terra-Era Bear Market Losses By Oliver Knight | Edited by Cheyenne Ligon 54 minutes ago After three years of rebuilding, decentralized finance has returned to pre-Terra levels with more measured growth and rising institutional adoption. 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