Solmate and Kraken Institutional Team Up for Enhanced Staking Economics

Solmate Infrastructure PLC (NASDAQ: SLMT) has announced a strategic partnership with Kraken Institutional to enhance its staking economics and drive long-term recurring revenue growth. The collaboration aims to optimize Solmate's participation in the value generated by its Solana validator infrastructure.

The partnership will see Solate use Kraken Institutional's qualified custody solution, which holds SOL tokens throughout the process. This arrangement significantly increases Solate's participation in staking rewards and is designed to maximize long-term recurring revenue potential.

Solmate Infrastructure's CEO, Ron Sade, said that this partnership represents a major milestone in executing the company's digital infrastructure strategy. He believes that these partnerships will position Solate to capitalize on the growth of the Solana ecosystem.