Morningstar

Brera Holdings Signs Non-Binding Term Sheet to Acquire RockawayX

Provided by Dow Jones Dec 4, 2025, 5:43:00 PM

By Terell Wright

Brera Holdings, which operates as Solmate Infrastructure, has signed a non-binding term sheet to acquire the digital asset firm RockawayX.

The Abu Dhabi-based institutional infrastructure company said on Thursday the combination would create an institutional crypto entity with over $2 billion in combined assets under management and third-party stake.

The new company will unify services across infrastructure, liquidity and asset management.

Solmate said it will purchase all of RockawayX's equity in an all-stock transaction.

The deal is expected to close in the first half of 2026, subject to approvals.

Shares rose 10% to $2.61, though are down 67% year-to-date.

Write to Terell Wright at terell.wright@wsj.com

(END) Dow Jones Newswires

December 04, 2025 12:43 ET (17:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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