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Former Kraken Chief Legal Officer: Solana is delivering on the "promise Ethereum made nearly a decade ago"

solana news ethereum news

2025-09-18 22:40:30

SOL0.83%

Golden Finance reported that former Kraken Chief Legal Officer Marco Santori stated that Solana (SOL) is fulfilling "the promise of Ethereum nearly a decade ago," and Santori announced his appointment as CEO of Solmate. The company is a digital asset treasury (DAT) focused on SOL, aiming to build a new Solana infrastructure for the UAE. Solmate has received support from ARK Invest (under Cathie Wood), Solana Foundation, and UAE investors (Pulsar Group), among which ARK Invest's participation is seen as a rare case of ETF investment in DAT.
Santori praised Solana as the "fastest, most widely used" and rapidly growing blockchain, stating he is "fully committed." Santori described DAT as a "capital accumulation machine" and believes that the UAE is the "capital of capital." Solmate will deploy bare-metal validation nodes in Abu Dhabi, utilizing high-performance staking and yield strategies to bring SOL share growth to shareholders.

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