Workflow
Solowin and Partners Invest US$10M in AlloyX's Pre-A Funding Round
SWINSolowin(SWIN) Newsfilter·2025-01-03 22:00

Core Summary - SOLOWIN Holdings, a leading financial services firm, has made a strategic investment in AlloyX Limited, an Asia-based stablecoin infrastructure firm, through its subsidiary Solomon JFZ (Asia) Holdings Limited [1] - AlloyX secured a US10millionPre−AfundingroundwithparticipationfromSOLOWINandothernotablepartners,includingArbitrumFoundationandOffchainLabs[2]−TheinvestmentalignswithSOLOWIN′scommitmenttofosteringinnovationintheglobalfinancialinfrastructuresector,particularlyinthestablecoinpaymentsecosystem[3]InvestmentDetails−AlloyXplanstousethefundingtoexpanditsoperationsinhigh−growthregionssuchastheUAE,ASEAN,andAfrica[2]−Theinvestmenthighlightsthegrowingimportanceofstablecoinsinglobalfinance,asevidencedbyrecentdevelopmentslikeStripe′s10 million Pre-A funding round with participation from SOLOWIN and other notable partners, including Arbitrum Foundation and Offchain Labs [2] - The investment aligns with SOLOWIN's commitment to fostering innovation in the global financial infrastructure sector, particularly in the stablecoin payments ecosystem [3] Investment Details - AlloyX plans to use the funding to expand its operations in high-growth regions such as the UAE, ASEAN, and Africa [2] - The investment highlights the growing importance of stablecoins in global finance, as evidenced by recent developments like Stripe's 1.1 billion acquisition of Bridge and BVNK's 50millionSeriesBfundingroundvaluedat50 million Series B funding round valued at 750 million [3] Company Overview: AlloyX - AlloyX is building next-generation payments infrastructure that bridges traditional banking with blockchain technology [4] - The platform enables businesses to send and receive stablecoin payments, facilitate currency exchanges, and integrate crypto payments while maintaining regulatory compliance [4] - AlloyX leverages institutional-grade custodial wallets, multi-chain security, and tokenization technology to empower businesses to tokenize real-world assets and operate across diverse financial ecosystems [4] - With licenses spanning virtual assets, payments, and trusts, AlloyX serves institutional and retail clients in over 70 countries [4] Company Overview: SOLOWIN Holdings - SOLOWIN Holdings is a Hong Kong-based financial services firm offering a comprehensive one-stop solution for high-net-worth and institutional investors worldwide [5] - The company provides services across traditional and virtual assets, including investment banking, wealth management, asset management, and Web3 solutions [5] - SOLOWIN's subsidiary, Solomon JFZ (Asia) Holdings Limited, is one of Hong Kong's first regulated virtual asset service providers, offering the Solomon VA+ app, which integrates traditional and virtual asset trading with wealth management services [5]