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HONG KONG - Solowin Holdings (NASDAQ:SWIN) announced Wednesday it has completed its $350 million acquisition of AlloyX Limited, a stablecoin infrastructure provider, as the financial services firm expands its digital asset capabilities. The company’s stock, which has surged over 200% in the past six months according to InvestingPro data, currently trades at $4.22 with a market capitalization of approximately $199 million.
The transaction includes a 12-month lock-up commitment for all AlloyX selling shareholders, including the founding team and strategic investors, according to a company press release. While Solowin’s stock has shown remarkable momentum, InvestingPro analysis indicates the company is currently trading above its Fair Value, with several additional insights available to subscribers.
The deal structure also features performance incentives tied to AlloyX’s future valuation. If AlloyX reaches a $600 million valuation within 24 months of closing, an additional $5 million will be paid to Peter Lok, Solowin’s CEO and former principal owner of AlloyX. Another $5 million would be payable if valuation hits $1 billion within the same timeframe.
"With the closing of this acquisition, Solowin’s vision for a new financial ecosystem centered on stablecoins is now taking shape," said Lok, adding that the lock-up period demonstrates that "the AlloyX team isn’t cashing out; they are doubling down on our shared long-term vision."
Solowin indicated the acquisition would help activate its global stablecoin strategy and accelerate expansion into markets including the UAE, ASEAN, and Africa.
The company cited industry data showing the global stablecoin market cap has approached $283 billion as of August 2025, with year-to-date trading volume exceeding $20.2 trillion.
Solowin Holdings, founded in 2016, operates through subsidiaries licensed by Hong Kong’s Securities and Futures Commission with digital asset capabilities.
In other recent news, Solowin Holdings announced it is in advanced negotiations to acquire a U.S.-licensed financial institution through a designated affiliate. This proposed transaction is structured as a clean-charter acquisition, with all legacy assets and liabilities to be removed before closing. Solowin has also officially launched its Dubai Operations Center and is applying for a Category 3C asset management license from the Dubai International Financial Centre. The company has signed a memorandum of understanding with an unnamed UAE enterprise to accelerate its entry into the local financial services market. Additionally, Solowin’s fund, Solomon Capital SP, has entered a Memorandum of Understanding with CITIC Contracting Company to co-develop digital infrastructure in Saudi Arabia. In another strategic move, Solowin has acquired a 19% stake in Singapore-based GPL Remittance Pte. Ltd., a cross-border payment institution. Furthermore, Solowin is targeting $1 billion in assets under management for its USD Money Market Real Yield Token by the end of 2025. This tokenized yield product is offered in collaboration with Standard Chartered, China Asset Management (Hong Kong), Libeara, and AlloyX Limited. These developments highlight Solowin’s ongoing expansion and strategic partnerships in various global markets.
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