AlloyX Merges with Solowin Holdings at $350 Million Valuation

AlloyX Group (“AlloyX”), a Hong Kong-based fintech firm targeted on cross-border funds and institutional-grade asset tokenization by stablecoin infrastructure, right now introduced it has reached a definitive merger settlement with Nasdaq-listed Solowin Holdings (NASDAQ: SWIN, “Solowin”). This merger will totally leverage the strengths of each events in conventional finance and the Web3 ecosystem, collectively constructing a brand new monetary ecosystem centered on stablecoins and driving deep integration between conventional finance and digital property.

Prior to this merger, AlloyX had already gained recognition from a number of main international funding establishments. Top buyers resembling Fenbushi Capital, Longling Capital, Kiln, Arbitrum Foundation, and Offchain Labs all participated in AlloyX’s newest financing spherical, underscoring the trade’s robust confidence in AlloyX’s growth prospects.

Peter Lok, Chairman of Solowin Holdings, acknowledged: “Currently, the worldwide market measurement of the stablecoin ecosystem has reached lots of of billions of {dollars}. We are totally dedicated to collectively constructing the world’s main compliant stablecoin-powered monetary tremendous platform. Notably, all shareholders have voluntarily agreed to a 12-month lock-up interval, which totally demonstrates the AlloyX group’s agency confidence and dedication to our shared long-term imaginative and prescient.”

Dr. Thomas Zhu, Co-Founder & CEO of AlloyX Group, mentioned: “AlloyX is devoted to innovation and observe in stablecoin fee infrastructure and RWA tokenization. We consider that the combination of compliance and technology-driven approaches will open a brand new chapter in digital finance. This merger will allow us to offer international customers with safer, extra environment friendly, and extra handy monetary companies.”

About AlloyX Limited

AlloyX Limited is a expertise firm that focuses on international stablecoin funds and asset tokenization, merging conventional banking with blockchain companies. Backed by notable buyers, AlloyX goals to grow to be the world’s main and  Asia’s largest stablecoin service supplier. For extra info: https://www.alloyx.com/.

Media Contact:
Tracy Zhang
Head of PR, AlloyX
Tracy.zhang@alloyx.com

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