Marco Santori, former Kraken CLO, has unveiled Solmate, a new Solana-focused infrastructure and treasury initiative based in the UAE, drawing attention from both investors and analysts amid renewed interest in SOL.
Solmate: UAE Treasury and Crypto Infrastructure
Santori announced in a series of X posts that he will serve as CEO of Solmate, describing it as a digital asset treasury (DAT) and crypto infrastructure company aligned with the Solana Foundation. The project is backed by UAE investors and supported by ARK Invest, marking a rare DAT PIPE ETF investment, according to Santori.
Solmate’s mission, he explained, is to drive SOL-per-share growth by leveraging the UAE’s capital access. He referred to digital asset treasuries as “capital accumulation machines,” with sponsors like the Pulsar Group enabling efficient fiat-to-crypto conversion. Operational partners include RockawayX, a leader in staking infrastructure, and Viktor Fischer, who will join Solmate’s board.
Plans include deploying bare-metal validators in Abu Dhabi to enhance staking performance and reliability, with additional initiatives to follow. Santori also praised Solana’s ecosystem, calling it the “fastest, most used blockchain” and contrasting it with Ethereum by stating Solana “delivers what Ethereum promised.” He concluded his thread: “I’m all in on it.”
Analyst Perspectives on SOL Price
Crypto analyst Rekt Capital highlighted that SOL has broken a long-term downtrend and is now retesting $238 — previously a key resistance — as weekly support. A successful retest, he noted, could pave the way for attempts at new all-time highs.
Trader KALEO suggested that four-figure SOL prices are plausible, stating “$1,000+ SOL isn’t a meme,” though he did not indicate a timeline.
With institutional-backed infrastructure projects and renewed technical momentum, Solana appears positioned for potential upside, both operationally and on the price charts.
