🚀 Cathie Wood’s Ark Invest Backs Solmate to Launch $300M Solana Treasury 🚀

A major step forward for institutional-grade digital asset treasuries: Nasdaq-listed Solmate has announced the launch of a $300M Solana Treasury, backed by Ark Invest and led by UAE-based Pulsar Group, with support from RockawayX and the Solana Foundation.

🔍 What’s Happening:

▫️ Solmate will accumulate & stake Solana ($SOL) while building new infrastructure to generate yield for investors.

▫️ The project is designed to position Solana at the center of the UAE’s digital transformation agenda, deploying bare metal servers in Abu Dhabi to outperform traditional strategies.

▫️ Part of the treasury will support validators and local infrastructure to unlock native Solana yields for Middle Eastern investors.

📊 Leadership & Governance:

▫️ Marco Santori (ex-Kraken CLO), a pioneer in digital asset treasuries, joins as CEO.

▫️ Dr. Arthur Laffer (inventor of the “Laffer Curve”) joins the board alongside Viktor Fischer (CEO of RockawayX).

▫️ The Solana Foundation will appoint two additional board members.

📢 Marco Santori describes Solmate as:

“Not just another treasury, but a builder of real infrastructure in the UAE.”

💡 Why It Matters:

This initiative blends institutional capital, innovative infrastructure, and global partnerships, pushing Solana deeper into the mainstream financial ecosystem while reinforcing the UAE’s role as a Web3 and digital asset hub.

#ArkInvest #Solana #Solmate #DigitalAssets #Crypto

https://coingape.com/ark-invest-backs-nasdaq-listed-solmates-300m-solana-treasury/?utm_source=coingape&utm_medium=linkedin