SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a leading financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, has today announced a strategic investment in the Pre-A funding round of AlloyX Limited (“Alloy X”), an Asia-based stablecoin infrastructure firm, through a fund managed by SOLOWIN’s subsidiary Solomon JFZ (Asia) Holdings Limited.
Pursuant to the Investment Agreement, AlloyX has secured a US$10 million funding round, supported by SOLOWIN in collaboration with esteemed partners including Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS. AlloyX intends to utilize the funds to expand its operations in the UAE, ASEAN, and Africa, strengthening its position in these high-growth regions.
Mr. Shing Tak Tam, Chief Executive Officer of SOLOWIN, commented, “We’re excited to support AlloyX in its mission to transform the stablecoin payments ecosystem. This strategic investment aligns with SOLOWIN’s commitment to fostering innovation and enabling growth within the global financial infrastructure sector. This raise also reflects significant developments in the stablecoin payments space, including Stripe’s acquisition of Bridge for $1.1 billion and BVNK’s impressive $50 million Series B funding round valued at $750 million. We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for SOLOWIN’s shareholders.”
