By Terell Wright
Brera Holdings, which operates as Solmate Infrastructure, has signed a non-binding term sheet to acquire the digital asset firm RockawayX.
The Abu Dhabi-based institutional infrastructure company said on Thursday the combination would create an institutional crypto entity with over $2 billion in combined assets under management and third-party stake.
The new company will unify services across infrastructure, liquidity and asset management.
Solmate said it will purchase all of RockawayX's equity in an all-stock transaction.
The deal is expected to close in the first half of 2026, subject to approvals.
Shares rose 10% to $2.61, though are down 67% year-to-date.
Write to Terell Wright at terell.wright@wsj.com
(END) Dow Jones Newswires
12-04-25 1243ET
