Financial services company SOLOWIN announces $350 million acquisition of stablecoin provider AlloyX

Jinse Finance reported that financial services company SOLOWIN HOLDINGS has officially completed the acquisition of stablecoin infrastructure provider AlloyX Limited (“AlloyX”) for $350 million. This strategic transaction marks the full integration of AlloyX’s cutting-edge technology and experienced team into SOLOWIN’s compliant financial ecosystem, laying the foundation for the launch of the company’s global stablecoin strategy and accelerating expansion into high-growth markets such as the UAE, ASEAN, and Africa.