Marco Santori, former Kraken CLO, has unveiled Solmate, a new Solana-focused treasury and infrastructure project based in the UAE, drawing attention from investors as SOL approaches critical technical levels.
Solmate: Solana Infrastructure Backed by UAE Investors
Santori announced via X that he will serve as CEO of Solmate, which he described as a digital asset treasury (DAT) and crypto infrastructure firm aligned with the Solana Foundation. The project is supported by UAE investors and ARK Invest, with the latter’s participation representing a rare DAT PIPE ETF investment, according to Santori.
Solmate aims to drive SOL-per-share growth, with digital asset treasuries framed as “capital accumulation machines.” Sponsors like the Pulsar Group enable efficient conversion of fiat into crypto. Operational partners include RockawayX, a staking infrastructure leader, and Viktor Fischer will join the board.
The initiative plans to deploy bare-metal validators in Abu Dhabi to enhance staking performance and reliability, with further initiatives expected. Santori also praised Solana as the “fastest, most used blockchain,” contrasting it with Ethereum by stating Solana “delivers what Ethereum promised,” and concluding: “I’m all in on it.”
Analysts Highlight SOL Price Potential
Crypto analyst Rekt Capital noted that SOL has broken a long-term downtrend and is now retesting $238, previously a major resistance level, as support on the weekly chart. A successful retest could confirm the old ceiling as a new floor, opening the path toward new all-time highs.
Trader KALEO added that $1,000+ SOL isn’t a meme, suggesting four-figure prices are plausible, though without specifying a timeframe.
With institutional-backed infrastructure and renewed technical momentum, Solana appears poised for both operational growth and potential price upside.
