Solowin Holdings (NASDAQ:SWIN [https://seekingalpha.com/symbol/SWIN]) has closed its $350 million acquisition of Hong Kong-based stablecoin infrastructure provider AlloyX Group.
Upon the closing of the acquisition, AlloyX became a wholly-owned subsidiary of Solowin. All AlloyX's selling shareholders, including its core founding team and several prominent strategic investors, are subject to a 12-month lock-up period, pursuant to the deal.
The all-stock deal integrates AlloyX's technology, including a stablecoin application platform and RWA tokenization tools, into Solowin's ecosystem.
The transaction [https://seekingalpha.com/pr/20218707-solowin-completes-350-million-acquisition-of-alloyx-fortifying-long-term-vision-with-12-month]also includes 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 payment will be made to Peter Lok, CEO of Solowin, and a former principal beneficial owner and sole director of AlloyX.
A further $5 million will be payable to Lok when and if the valuation achieves the $1 billion milestone within 24 months of closing.
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* Financial information for SOLOWIN HOLDINGS [https://seekingalpha.com/symbol/SWIN/income-statement]
Solowin closes $350M acquisition of AlloyX
Published 2 months ago
Sep 3, 2025 at 1:09 PM
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