Solowin Holdings (NASDAQ:SWIN) saw its stock climb 14% after announcing the completion of its $350 million purchase of AlloyX Limited, a provider of stablecoin infrastructure.
The acquisition merges AlloyX’s technology and team into Solowin’s broader financial ecosystem and includes a 12-month lock-up period for all selling shareholders, encompassing the founding team and strategic investors. According to the company, this structure is designed to retain critical technical talent and underscores confidence in the combined entity’s future.
The agreement also features performance-based incentives tied to AlloyX’s enterprise valuation milestones. If AlloyX reaches a $600 million valuation within 24 months, Solowin will pay an additional $5 million to CEO Peter Lok, who was AlloyX’s former principal owner. Another $5 million becomes payable if the valuation reaches $1 billion within the same period.
“With the closing of this acquisition, Solowin’s vision for a new financial ecosystem centered on stablecoins is now taking shape,” said Lok. “The voluntary 12-month lock-up by all shareholders sends a clear message: the AlloyX team isn’t cashing out; they are doubling down on our shared long-term vision.”
Solowin plans to leverage AlloyX’s stablecoin application platform, Real-World Asset tokenization technology, and global payment network to create what it calls a unified stablecoin financial ecosystem.
The company highlighted the growing significance of stablecoins, noting that the global stablecoin market capitalization approached $283 billion as of August 2025, with year-to-date trading volume exceeding $20.2 trillion, reflecting their increasing role in linking traditional finance with the digital economy.
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