Former Pantera partner to launch $300M Solana-focused treasury in UAE

A former Pantera Capital partner is establishing Solmate, a $300 million crypto treasury in the United Arab Emirates, with plans to focus investments on Solana, Crypto Briefing reported. Solmate will emerge through the rebranding of Brera Holdings, a company listed on Nasdaq, and is backed by the Solana Foundation and Cathie Wood's ARK Invest. The company plans to pursue dual listings on Nasdaq and in the UAE.