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 /
article-image

Kirill Neiezhmakov/Shutterstock and Adobe modified by Blockworks

share

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.

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:

Tags

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

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

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.

recent research

Monad SR Report Graphic.png

Research

Monad is a new Layer 1 blockchain designed as a high performance, EVM-compatible platform.

article-image

Engineers from MetaMask, Coinbase, Google, and the Ethereum Foundation make the case for onchain AI agents via ERC-8004

article-image

Legacy payments firm partners with Anchorage Digital to issue a dollar-pegged token under new US stablecoin law

by Blockworks /
article-image

As Solana ETFs launch but network REV trends lower, Jito sits at the intersection of new capital inflows and microstructure improvements

article-image

The Truth Social parent will integrate Crypto.com Derivatives North America, allowing users to trade prediction contracts under federal oversight

by Blockworks /
article-image

Partnership surpasses $2 billion in staked assets and adds support for new Proof-of-Stake networks

by Blockworks /
article-image

The tokenization leader will merge with Cantor Equity Partners II, becoming the first public firm focused on securities tokenization

by Blockworks /