Solowin Completes Acquisition of AlloyX for $350M

Solowin Holdings has closed its $350 million acquisition of AlloyX Group, a Hong Kong-based stablecoin infrastructure provider. Upon closing, AlloyX became a wholly-owned subsidiary of Solowin. The acquisition was completed after all selling shareholders, including the core founding team and several prominent strategic investors, executed their respective agreements to sell their shares.

Solowin Holdings (NASDAQ: SWIN) has finalized its $350 million acquisition of AlloyX Group, a leading stablecoin infrastructure provider based in Hong Kong. The acquisition, which was completed on September 3, 2025, marks a significant strategic move for Solowin as it seeks to fortify its position in the global stablecoin market [1].

Upon closing, AlloyX Group became a wholly-owned subsidiary of Solowin. The acquisition was facilitated after all selling shareholders, including the core founding team and several prominent strategic investors, executed their respective agreements to sell their shares. This move underscores the long-term commitment of AlloyX's stakeholders to Solowin's vision of a compliant stablecoin financial ecosystem.

The acquisition includes a 12-month lock-up commitment for all AlloyX selling shareholders, ensuring the retention of key technical talents and strategic investors. Additionally, the transaction features a tiered incentive structure tied to AlloyX's enterprise valuation milestones. If AlloyX reaches a $600 million valuation within 24 months of closing, an additional $5 million will be paid to key members of the AlloyX management team. A further $5 million will be payable if the valuation achieves the $1 billion milestone within the same timeframe [1].

Peter Lok, Chairman and CEO of Solowin, commented on the acquisition, stating: "With the closing of this acquisition, Solowin’s vision for a new financial ecosystem centered on stablecoins is now taking shape. AlloyX’s core capabilities—including its enterprise-grade compliant stablecoin application platform, Real-World Asset (RWA) tokenization technology, and 7x24 global payment network—will be deeply integrated with Solowin’s network of financial service and compliance licenses to build a unified stablecoin financial ecosystem."

The acquisition is part of Solowin's broader strategy to activate its global stablecoin strategy and accelerate expansion into high-growth markets, including the UAE, ASEAN, and Africa. The global stablecoin market cap has approached $283 billion as of August 2025, with year-to-date trading volume exceeding $20.2 trillion [1].

Solowin Holdings, founded in 2016, operates through subsidiaries licensed by Hong Kong’s Securities and Futures Commission with digital asset capabilities. The company has been actively expanding its operations, including advanced negotiations to acquire a U.S.-licensed financial institution, the official launch of its Dubai Operations Center, and strategic partnerships in various global markets [2].

References:
[1] https://www.globenewswire.com/news-release/2025/09/03/3143405/0/en/SOLOWIN-Completes-350-Million-Acquisition-of-AlloyX-Fortifying-Long-Term-Vision-with-12-Month-Lock-Up.html
[2] https://www.investing.com/news/company-news/solowin-completes-350-million-acquisition-of-stablecoin-provider-alloyx-93CH-4221055