Solmate Appoints Marco Santori as CEO, Plans UAE's First Large-Scale Solana Hub
Solmate, a Solana-based crypto infrastructure company, has appointed Marco Santori, former Chief Legal Officer at Kraken, as its CEO. This move comes after the transformation of Nasdaq-listed Brera Holdings. Meanwhile, the UAE's supportive blockchain policies have drawn significant investment from Pulsar Group, which has invested in Solmate as part of a $300 million PIPE round.
Solmate, under Santori's leadership, is focusing on developing tangible crypto infrastructure within the UAE. The company plans to establish bare-metal validator servers in Abu Dhabi, creating the region's first large-scale Solana infrastructure hub. This move is expected to advance digital assets and infrastructure in the UAE, contributing to its growing reputation as a center for blockchain innovation.
The PIPE round for Solmate attracted major global partners, reflecting rising institutional trust in blockchain development in the Middle East. Pulsar Group, based in the UAE, is one of the lead investors in this round. The group aims to attract global talent and foster strategic alliances, further positioning the UAE as a hub for blockchain and Web3 activity.
Solmate, with Marco Santori at the helm, is set to make significant strides in the UAE's blockchain landscape. Its plans to establish a large-scale Solana infrastructure hub in Abu Dhabi, coupled with the substantial investment from Pulsar Group, signal a promising future for blockchain development in the region.
Read also:
- User Data Analysis on Epic Games Store
- Rachel Reeves conducts a discussion with Scott Bessent and financial executives, focusing on investment matters
- Hyundai accelerates production plans: Introducing 7 new N models, aiming for a sales figure of 100,000 units by 2030.
- Yasa, an electric car engine producer, plans to broaden its operations.
