Solana (SOL) is delivering on "the promise of Ethereum nearly a decade ago," said Marco Santori, former Kraken chief legal officer, who announced his appointment as CEO of Solmate. The company is an SOL-focused digital asset vault (DAT) that aims to build a brand new Solana infrastructure for the UAE. Solmate is backed by ARK Invest (owned by Cathie Wood), the Solana Foundation, and Emirati investors (Pulsar Group), with ARK Invest's participation seen as a rare case of ETF making DAT investments.
Santori praised Solana as the "fastest, most widely used" and fast-growing blockchain, and said he was "fully committed". Santori called DAT a "capital accumulation machine" and saw the UAE as a "capital capital". Solmate will bring SOL share growth to shareholders by deploying bare metal verification nodes in Abu Dhabi, leveraging high-performance staking and yield strategies.
Former Kraken Chief Legal Officer: Solana Is Fulfilling "Ethereum's Promise Nearly a Decade Ago"
2025-09-18 22:41:40
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