Solowin Holdings announced on September 3, 2025, that AlloyX Group, a Hong Kong-based fintech company, reached a definitive merger agreement with Solowin Holdings. The merger is valued at $350 million. This transaction is designed to fully leverage the strengths of both parties in traditional finance and the Web3 ecosystem.
The combined entity aims to build a new financial ecosystem centered on stablecoins, driving deep integration between traditional finance and digital assets. Peter Lok, Chairman of Solowin Holdings, stated the commitment to jointly building a compliant stablecoin-powered financial super platform.
All shareholders of AlloyX voluntarily agreed to a 12-month lock-up period, demonstrating confidence and commitment to the shared long-term vision. Dr. Thomas Zhu, Co-Founder & CEO of AlloyX Group, emphasized that the integration of compliance and technology-driven approaches will open a new chapter in digital finance, providing safer, more efficient, and more convenient financial services globally.
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