Solmate to Acquire RockawayX in All-Stock Deal, Forms $2B Solana Powerhouse
Solmate has struck an all-stock deal to acquire RockawayX, creating a combined entity valued at roughly $2 billion and consolidating RockawayX’s infrastructure, liquidity, and asset management divisions into Solmate. The transaction is positioned as a strategic consolidation within the Solana ecosystem, merging backend infrastructure and liquidity provision with Solmate’s product stack to offer a broader services suite on SOL.
The tie-up could deepen trading liquidity and expand asset management and infrastructure offerings for users and institutional clients, potentially accelerating adoption on Solana. The deal will likely require customary shareholder and regulatory clearances before closing; if completed, it marks another wave of consolidation among Solana-native firms and could reshape competitive dynamics for DeFi, exchange, and custody services on the network.