Pulsar Group, a UAE-based venture studio and consultancy, has emerged as one of four lead investors in a landmark $300 million Private Investment in Public Equity (PIPE) transaction backing Solmate, a Solana-based digital asset treasury (DAT).
The deal marks a significant milestone for the UAE’s ambition to position itself as a global hub for blockchain innovation, digital transformation, and decentralized finance.
As part of its strategy, Solmate will deploy bare-metal validator servers in Abu Dhabi, making the UAE home to the region’s first major Solana infrastructure hub. This move is expected to enhance decentralization across the Solana blockchain while fostering a local ecosystem of developers, entrepreneurs, and institutional players.
“The UAE has consistently demonstrated its commitment to being a forward-thinking, blockchain-friendly jurisdiction,” said Alyazi Al Khattal, Co-founder & CEO of Pulsar Group. “At Pulsar, we are proud to back Solmate in building real infrastructure that accelerates Solana adoption while bringing talent, innovation, and opportunity directly to the UAE.”
The investment was made alongside other high-profile partners, including the Solana Foundation, RockawayX, and ARK Invest, reflecting deep institutional confidence in the long-term potential of blockchain adoption across the Middle East.
Incoming Solmate CEO Marco Santori emphasized the project’s unique approach:
“Solmate is not just another treasury. It will execute on a durably differentiated strategy in a crowded field of look-alike DATs by building real crypto infrastructure in the UAE. Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike.”
Beyond capital infusion, Pulsar Group will continue to advise and support blockchain firms looking to scale in the UAE, leveraging the country’s progressive regulatory environment. The initiative aligns with the UAE’s broader economic diversification goals by advancing digital assets, fintech innovation, and next-generation infrastructure.
