Solowin Holdings announced on August 11, 2025, its intent to acquire AlloyX, a Hong Kong-based fintech company specializing in cross-border payments and institutional-grade asset tokenization through stablecoin infrastructure. The acquisition is valued at $350 million in stock. This strategic move is expected to leverage the strengths of both companies in traditional finance and the Web3 ecosystem.
The proposed merger aims to build a new financial ecosystem centered on stablecoins, driving deeper integration between traditional finance and digital assets. AlloyX had previously gained recognition from global investment institutions, including Fenbushi Capital and Arbitrum Foundation, which participated in its latest financing round.
This acquisition represents a pivotal step in Solowin's strategy to expand its Web3 capabilities and global footprint. The integration of AlloyX's technology is anticipated to accelerate Solowin's expansion into high-growth markets, including the UAE, ASEAN, and Africa.
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