Solowin Completes $350 Million Acquisition of AlloyX to Enhance Stablecoin Infrastructure in Emerging Markets

Highlights

Solowin Holdings has finalized a $350 million acquisition of AlloyX, enhancing its position in the emerging markets.
This all-stock transaction includes the integration of AlloyX’s technology, which comprises a stablecoin application platform and real-world asset (RWA) tokenization tools.
There is a 12-month lock-up provision for the founding team and strategic investors of AlloyX.

Detailed Overview

On September 3, 2025, the publicly-traded investment firm Solowin Holdings (SWIN) announced its successful $350 million acquisition of AlloyX, a provider of stablecoin infrastructure. This acquisition aims to deepen Solowin’s expansion efforts into emerging markets, as it integrates AlloyX’s expertise and technological assets.

In a press release, the company noted that the adaptation of AlloyX’s infrastructure will not only enhance its current offerings but also establish a robust payment framework worldwide.

The deal reflects Solowin’s strategic move towards a future centered around stablecoins, as articulated by its Chairman and CEO, Peter Lok. According to an SEC exhibit, AlloyX is characterized as an early-stage company that has begun generating revenue through its stablecoin infrastructure and asset tokenization services.

With the stablecoin market witnessing exponential growth—now valued at approximately $280 billion according to DeFiLlama—this acquisition positions Solowin favorably within a thriving sector dominated by major players like Tether and Circle.