Haciyev Reşit 
Focused on Solana Investments Former Pantera Capital partner Marco Santori has established Solmate, a $300 million digital asset treasury in the United Arab Emirates (UAE) focused on Solana investments. This move is seen as a sign of the rapidly growing blockchain interest in the Middle East and the strong adoption of the Solana ecosystem in the region.
Solmate’s Mission
Founded under Santori’s leadership, Solmate aims to direct the region’s growing institutional crypto investments toward the Solana ecosystem. As the UAE emerges as one of the most important global hubs for crypto and blockchain, interest in Solana-based investments is especially notable.
Through its Virtual Assets Regulatory Authority (VARA), the UAE has managed to attract numerous blockchain firms thanks to its clear regulatory framework. In particular, the growing interest of institutional investors in Solana has positioned the region as a leading market in this field.
Pantera Capital and the Solana Connection
With more than $5 billion in assets under management, Pantera Capital was an early investor in many major blockchain projects, including Solana. This background strengthens Marco Santori’s launch of Solmate in the UAE as a new chapter in his career.
UAE-based institutions are already known to show strong interest in Solana investments. Recently, a UAE-backed entity reportedly allocated $1 billion to SOL tokens as part of a broader institutional crypto adoption strategy.
Solana Foundation’s Dubai Expansion
In 2025, a memorandum of understanding was signed between the Solana Foundation and Dubai regulators, aiming to establish special economic zones for blockchain developers and strengthen ties between the Solana ecosystem and the region. Alongside the launch of Solmate, this development further reinforces Solana’s presence in the Middle East.
Santori said.
“The Middle East is one of the fastest-growing hubs for blockchain innovation in the world. With Solmate, we aim to channel institutional capital into the Solana ecosystem, creating new opportunities for both investors and technology developers,”
Outlook
Marco Santori’s $300 million Solmate initiative in the UAE demonstrates that the Solana ecosystem is poised to significantly benefit from the region’s institutional investment trend. With a supportive regulatory environment and the Solana Foundation’s strategic steps in the region, Solmate is expected to play a notable role in the blockchain industry in the near future.
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