Solmate Infrastructure seeks to transform itself into a blockchain infrastructure provider based in the United Arab Emirates.
The company, currently operating under the legal entity Brera Holdings PLC and listed on the Nasdaq under the ticker SLMT, said its board has approved plans to formallystoc reposition the firm as an institutional-grade provider of Solana infrastructure.
The shift includes establishing its primary operational base in Abu Dhabi and restructuring its corporate identity to align with its digital asset strategy.
The latest move represents a continuation of a broader transformation that began in September 2025, when the company announced a strategic pivot away from its roots as a football ownership group toward blockchain and digital asset infrastructure.
Company plans legal name change and strategic repositioning
As part of the restructuring announced on Tuesday, Solmate plans to formally change its legal name from Brera Holdings PLC to Solmate Infrastructure PLC.
The company also proposed a 10-for-1 reverse stock split that would consolidate every ten Class A and Class B shares into a single share, increasing the nominal value from $0.05 to $0.50.
No fractional shares will be issued as part of the consolidation. Following the split, the company’s shares will continue to trade on the Nasdaq under the ticker symbol SLMT.
The reverse split remains subject to shareholder approval and is expected to take effect after a shareholder meeting scheduled for April 7.
The company also intends to update its constitutional documents to reflect its new focus on blockchain infrastructure services and digital asset treasury activities.
The repositioning is designed to align the company’s corporate structure with its ambition to become a key infrastructure provider within the Solana ecosystem.
“By focusing our capital and corporate identity on Solana, we are positioning ourselves to be a central player in the region’s rapidly expanding digital economy,” Solmate CEO Marco Santori said in the statement.
The company said the UAE will serve as the center of its operations as it works to expand Solana infrastructure and blockchain services in the region.
Sports portfolio trimmed to fund blockchain expansion
Solmate also plans to streamline its existing portfolio of sports assets as it redirects capital toward its blockchain initiatives.
The company said it intends to wind down two underperforming soccer teams from its sports holdings while retaining its flagship Italian football club Juve Stabia.
Capital released from the divestment of those assets will be redirected toward expanding Solana infrastructure operations in the UAE.
The shift reflects the company’s broader effort to move away from non-core activities and concentrate resources on digital asset infrastructure, staking services, and blockchain-related operations.
Solmate shares closed down 5.17% on Tuesday on the Nasdaq.
The stock has declined 82.26% over the past six months.
Solana treasury and infrastructure strategy expands
The company’s latest announcement builds on its earlier push into Solana-based digital asset infrastructure.
In September 2025, Solmate raised $300 million through an oversubscribed private investment in public equity to fund its transition into a Solana-focused treasury and infrastructure firm.
The financing round attracted backing from several prominent investors, including the Solana Foundation, Cathie Wood’s Ark Invest, RockawayX, and UAE-based Pulsar Group.
Under the strategy, Solmate aims to accumulate and stake SOL tokens while building revenue streams from validator infrastructure and blockchain services.
The company has also explored deploying specialized hardware and staking infrastructure in the UAE to allow regional investors to access Solana’s yield-generating ecosystem.
In November 2025, Solmate launched what it described as the first bare-metal Solana validator in the UAE.
The validator allows partners and the public to stake SOL tokens and earn rewards directly through the company’s infrastructure at zero commission.
The transition has not been without challenges.
Earlier this year, Solmate announced that it would not proceed with its previously planned merger with RockawayX, citing significantly changed market conditions.
Despite the cancellation of the merger, both companies said they would continue to maintain their strategic partnership.
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