Solmate Infrastructure, which operates as Nasdaq-listed Brera Holdings, has reinforced its commitment to the Solana ecosystem by announcing a plan to build a Solana hub in the UAE that aims to expand blockchain infrastructure and attract institutional participation in the region’s growing digital asset sector.
As per the official release, which also includes a corporate rebranding, the company is aligning its name and structure, as it includes a formal change in its legal entity name from Brera Holdings PLC to Solmate Infrastructure PLC.
Which reflects the company’s transformation to a Solana-based digital infrastructure model. In addition, the company will revise its constitutional documents to reflect its importance in digital asset infrastructure and treasury strategy
Further, Marco Santori, Solmate CEO, added, “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. This is not just a name change, it is the evolution of a specialized infrastructure firm built for the future of capital markets.”
Also, the company launched a reverse stock split to bring its shares into a more normal trading range that institutional investors demand. The move is also mainly to increase operational flexibility.
The company also proposed a 10-for-1 reverse stock split of its issued and outstanding shares, anticipated to take effect shortly after the shareholder meeting scheduled for April 7, 2026. Where every 10 Class A and Class B ordinary shares with a nominal value of $0.05 will be consolidated into one share with a nominal value of $0.50. Where the reverse split will apply equally to all shareholders and will not change their overall ownership percentage, except for minor adjustments.
Meanwhile, Solana traded at $85.50, a 1.86% down in the last 24 hours, while the daily trading volume fell by over 2%, the altcoin remained around 1.5% lower on the weekly chart.
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