Marco Santori, former Kraken CLO, has unveiled Solmate, a new Solana-based treasury and infrastructure initiative in the UAE, sparking renewed interest in SOL among investors and analysts.

Solmate: A New Solana Infrastructure Hub

Santori announced via X 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, which Santori noted represents a rare DAT PIPE ETF investment.

The initiative aims to drive SOL-per-share growth and build robust crypto infrastructure. Santori described digital asset treasuries as “capital accumulation machines,” with sponsors such as the Pulsar Group providing efficient access to capital. Solmate will operate in partnership with RockawayX, a staking infrastructure leader, and will have Viktor Fischer on its board.

The strategy includes deploying bare-metal validators in Abu Dhabi to optimize staking performance and reliability, with additional projects planned. Santori praised Solana as the “fastest, most used blockchain” and claimed it “delivers what Ethereum promised,” concluding: “I’m all in on it.”

Analysts Highlight Key Price Levels

Crypto analyst Rekt Capital noted SOL has broken a long-term downtrend and is now retesting $238, previously major resistance, as support on the weekly chart. A successful retest could open the path toward new all-time highs.

Trader KALEO also expressed bullish sentiment, stating “$1,000+ SOL isn’t a meme,” presenting four-figure prices as plausible, though without specifying timing.

With Solmate’s institutional-backed infrastructure and improving technical signals, Solana may be positioned for both operational growth and price upside.