[Solmate Plans All-Stock Acquisition of RockawayX to Create a $2 Billion Institutional-Grade Solana Giant] According to CoinDesk, Solmate (stock ticker: SLMT), a Solana infrastructure company focused on the Abu Dhabi market, has signed a non-binding term sheet to acquire digital asset company RockawayX through an all-stock transaction. This acquisition aims to create an institutional cryptocurrency group with over $2 billion in assets under management and third-party interests. The merged company will integrate RockawayX's infrastructure, liquidity, and asset management businesses into Solmate, which is transitioning from passive digital asset fund management to an operational cryptocurrency business, and will continue trading under the stock ticker SLMT. Solmate CEO Marco Santori will lead the group, while RockawayX CEO Viktor Fischer will oversee the operations of the RockawayX subsidiary and serve as Solmate's Executive Chairman. RockawayX is the blockchain division of venture capital firm Rockaway Capital, providing services such as on-chain market making and lending. The company also manages venture capital and credit funds, collectively overseeing approximately $1.04 billion in assets, with an additional $1.1 billion in assets staked on its validator nodes.