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HONG KONG - Solowin Holdings (NASDAQ:SWIN), a $211 million market cap company that has seen its stock surge over 225% in the past six months according to InvestingPro data, announced on Thursday its initiative to reach $1 billion in assets under management for its USD Money Market Real Yield Token by the end of 2025.
The tokenized yield product, launched on April 15, 2025, is offered through the company’s subsidiary, Solomon JFZ (Asia) Holdings Limited, in collaboration with Standard Chartered, China Asset Management (Hong Kong), Libeara and AlloyX Limited.
Solowin said the AUM target is supported by strategic partnerships with blockchain networks Polygon, Arbitrum, and Solana, as well as Kucoin, to provide daily liquidity and interoperability across multiple blockchain networks.
"The launch of RYT represents a pivotal moment in our mission to offer compliant, yield-generating tokenized products for institutional investors," said Peter Lok, CEO of Solowin, according to the company’s press release.
Thomas Zhu, CEO of AlloyX, was quoted saying: "As Hong Kong positions itself as a global hub for tokenized money and assets, we are proud to collaborate with industry leaders and regulatory authorities through the RYT initiative."
The company, which participated as a Gold Sponsor at Hong Kong FinTech Week 2024, stated that the launch of the Real Yield Token aligns with its vision to deliver financial services connecting traditional finance and Web3.
Solowin Holdings describes itself as a financial services firm providing solutions across traditional and digital assets through its Hong Kong Securities and Futures Commission licensed subsidiaries. Based on current market prices, InvestingPro analysis suggests the stock is trading above its Fair Value, with 7 additional ProTips available for subscribers seeking deeper insights into the company’s financial outlook.
In other recent news, Solowin Holdings has unveiled plans to launch a joint Bitcoin quantitative fund with Antalpha, a Singapore-based firm. The fund aims to manage US$100 million in assets, employing a data-driven, algorithmic trading strategy focused on Bitcoin investments. Solowin will manage the fund through its regulated subsidiary, Solomon JFZ (Asia) Holdings Limited. Additionally, Solowin Holdings has announced a $3.5 million share sale through a registered direct offering with certain individual investors. The company plans to sell approximately 10.6 million Class A Ordinary Shares at a par value of $0.0001 per share. The transaction is expected to close on May 27, 2025, pending customary closing conditions. The funds raised will be used to support Solowin Holdings’ working capital and general corporate needs. These developments highlight Solowin Holdings’ strategic financial maneuvers to bolster its business operations.
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