Abu Dhabi, UAE – Pulsar Group, a UAE-based venture studio and consultancy supporting technology disruptors in scaling new markets, has joined as one of four lead investors in a $300 million Private Investment in Public Equity (PIPE) funding for Solmate, a newly launched Solana-based digital asset treasury (DAT). The move underscores the UAE’s growing influence in blockchain innovation and digital transformation.
Solmate plans to deploy bare-metal validator servers in Abu Dhabi, creating the region’s first major Solana infrastructure hub and reinforcing network decentralization.
“The UAE has consistently shown its commitment to being a forward-thinking, blockchain-friendly jurisdiction,” said Alyazi Al Khattal, Co-founder and CEO of Pulsar Group. “We are proud to support Solmate in building real infrastructure that accelerates Solana adoption, bringing talent, innovation, and opportunity directly to the UAE.”
The investment, alongside global partners including the Solana Foundation, RockawayX, and ARK Invest, reflects rising institutional confidence in blockchain adoption in the Middle East and supports the UAE’s economic diversification through emerging technologies.
“Solmate is not just another treasury,” said incoming CEO Marco Santori. “It will execute a uniquely differentiated strategy in a crowded DAT market by building tangible crypto infrastructure in the UAE. Our stakeholders are committed to the Solana ecosystem and expect us to accumulate SOL consistently, through both bull and bear markets.”
Looking ahead, Pulsar Group will continue advising and supporting leading blockchain and technology firms seeking to leverage the UAE’s progressive stance on digital assets. The firm aims to attract top talent and facilitate strategic partnerships to drive regional growth.
