Brera Holdings rebrands as Solmate, launches DAT after $300M raise

New Solmate DAT backed by Solana Foundation, ARK Invest and UAE investors to build yield-generating infrastructure

by Blockworks /

September 18, 2025 10:43 am

Kirill Neiezhmakov/Shutterstock and Adobe modified by Blockworks

Brera Holdings PLC has formally announced it will rebrand as Solmate, establishing a Solana-based digital asset treasury (DAT) and crypto infrastructure company following an oversubscribed $300 million Private Investment in Public Equity (PIPE).

The transaction is backed by the Solana Foundation, UAE-based investors via the Pulsar Group, and institutional players like ARK Invest.

Solmate intends to build out core Solana staking infrastructure in the UAE, including deploying bare-metal servers in Abu Dhabi that are configured to outperform typical DAT validator strategies. It will also focus on accumulating $SOL and generating revenue from staking operations.

Newsletter

Subscribe to The Breakdown

Leadership will include Marco Santori as CEO (formerly Chief Legal Officer at Kraken), with board seats held by economist Dr. Arthur Laffer, RockawayX CEO Viktor Fischer, and additional seats to be appointed by the Solana Foundation.

The move is designed to align Solmate with the UAE’s digital transformation goals and position the country as a global hub for the Solana ecosystem. Dual listings on Nasdaq and UAE exchanges are anticipated. Meanwhile, Solmate will continue to operate Brera Holdings’ existing multi-club sports ownership portfolio.

Cantor Fitzgerald is serving as the exclusive placement agent on the PIPE, with Lowenstein Sandler LLP and DLA Piper LLP advising on legal matters. The inclusion of global financial and legal heavyweights signals a coordinated effort to bridge Wall Street capital with emerging blockchain infrastructure in the Middle East.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.
Empire: Crypto news and analysis to start your day.
Forward Guidance: The intersection of crypto, macro and policy.
The Drop: Apps, games, memes and more.
Lightspeed: All things Solana.
Supply Shock: Bitcoin, bitcoin, bitcoin.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2025

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

ZORA: Fundamental Divergence

We believe that few tokens at the application layer are diverging more from fundamentals than ZORA. Its fully-diluted P/S sits at 90x, pricing significant growth despite a consistent decline in weekly revenues since late July. We foresee an 80% decrease in protocol net margins due to a recent update to the fee structure that reduces trading fees from 3% to 1%, while boosting creators’ portion of the fee split. ZORA’s supply overhang also represents a near-term headwind, with 45% of ZORA’s supply (4.5B tokens or $350M at current prices) earmarked for the team & investors beginning to unlock on October 23, 2025 (36-month linear vesting schedule).

by Carlos Gonzalez Campo