Abu Dhabi-based Solmate Infrastructure (Nasdaq: SLMT) has purchased $50 million worth of Solana (SOL) tokens directly from the Solana Foundation to accelerate its blockchain infrastructure projects across the United Arab Emirates.

The deal was finalized during a turbulent crypto market period, allowing Solmate to buy the tokens at a 15% discount. The company plans to use the Solana network to enhance the speed and efficiency of its infrastructure operations as part of the UAE’s broader digital innovation agenda.

Under the Solana Foundation’s “Solana By Design” program, the foundation will gain the right to nominate up to two directors to Solmate’s board, strengthening ties between the two entities.

Adding to the momentum, Cathie Wood’s Ark Invest revealed an 11.5% stake in Solmate — marking its first investment in a regulated ETF linked to a crypto infrastructure firm.

“We bought the dip,” said Solmate CEO Marco Santori, emphasizing the company’s hardware-driven approach. “With our base in the UAE — the Capital of capital — we’re positioned at the crossroads of global finance.”

Supported by Ark Invest, RockawayX, and Pulsar Group, Solmate aims to become a leading provider of Solana-powered blockchain infrastructure, reinforcing the UAE’s position as a global Web3 hub.