Solmate (Nasdaq: SLMT) just dropped a term sheet to scoop up Rockaway—looks like they're building something massive here. We're talking a combined $2B+ in assets under management once this deal closes. The play seems obvious: merge Solmate's capital markets muscle with institutional-grade infrastructure. Another chess move in the ongoing race to dominate institutional crypto rails.
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CryptoMom
· 6h ago
Two B-level AUMs—this is heading toward monopolizing the institutionalized track.
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PoolJumper
· 12-04 20:10
Another round of musical chairs at the institutional level.
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HashBrownies
· 12-04 20:10
It's the same old large-scale M&A trick again. $2B AUM sounds impressive, but honestly, real implementation is what truly matters.
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YieldWhisperer
· 12-04 20:07
wait hold up, $2B AUM post-merger sounds clean on paper but... let's examine the contract here. how much of that is actually genuine institutional capital vs recycled TVL from their existing books? seen this exact playbook before—classic asset inflation narrative. the math doesn't check out when you dig into velocity metrics tbh
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GasFeeTears
· 12-04 20:02
A 2B asset scale sounds impressive, but there are plenty of such integration cases. In the end, how many of them can actually work out?
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ImpermanentTherapist
· 12-04 19:43
Another mega deal—this time Solmate acquires Rockaway... 2B+ AUM is truly staggering, but it's hard to say how far the institutional crypto path can really go.
Solmate (Nasdaq: SLMT) just dropped a term sheet to scoop up Rockaway—looks like they're building something massive here. We're talking a combined $2B+ in assets under management once this deal closes. The play seems obvious: merge Solmate's capital markets muscle with institutional-grade infrastructure. Another chess move in the ongoing race to dominate institutional crypto rails.