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GlobeNewsWire
2 months ago
SOLOWIN Completes $350 Million Acquisition of AlloyX, Fortifying Long-Term Vision with 12-Month Lock-Up
HONG KONG, Sept. 03, 2025 (GLOBE NEWSWIRE) -- via IBN -- SOLOWIN HOLDINGS (NASDAQ: SWIN) (“Solowin” or the “Company”), a leading financial services firm providing comprehensive solutions across traditional and digital assets, today announced the official closing of its $350 million acquisition of AlloyX Limited (“AlloyX”), a leading stablecoin infrastructure provider. This strategic transaction marks the full integration of AlloyX's cutting-edge technology and seasoned team into Solowin's compliant financial ecosystem, setting the stage to activate the Company's global stablecoin strategy and accelerate expansion into high-growth markets, including the UAE, ASEAN, and Africa.