Solmate Brings First Large-Scale Solana Hub to UAE
Solmate, a UAE-based digital asset treasury, has announced ambitious plans to establish tangible crypto infrastructure within the country. The company aims to consistently accumulate SOL tokens, the native cryptocurrency of the Solana blockchain.
Solmate plans to set up bare-metal validator servers in Abu Dhabi, marking the region's first large-scale Solana infrastructure hub. This move aligns with the UAE's blockchain-friendly policies and ongoing infrastructure development, which have attracted major global investors like the Solana Foundation, RockawayX, and ARK Invest.
The UAE's vision to become a hub for blockchain and Web3 activity in the region is further boosted by Solmate's investment. Pulsar Group, a UAE-based company, is one of the lead investors in a $300 million PIPE round for Solmate. Brera Holdings, now renamed Solmate, is the company promoting the Web3 project in the UAE, with its CEO at the helm.
Pulsar Group is expected to play a significant role in guiding blockchain and technology enterprises seeking to leverage the UAE's favorable digital asset policies.
Solmate's plans to establish a large-scale Solana infrastructure hub in Abu Dhabi, along with its consistent accumulation of SOL tokens, signal a significant step towards the UAE's goal of becoming a regional blockchain and Web3 hub. With Pulsar Group's investment and guidance, the UAE's digital asset landscape is poised for further growth and innovation.
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