financetom
Business
financetom
/
Business
/
Reitar Logtech Reaches Non-Binding Deal for $150 Million Investment From Solowin
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Reitar Logtech Reaches Non-Binding Deal for $150 Million Investment From Solowin
Sep 9, 2025 5:15 AM

07:59 AM EDT, 09/09/2025 (MT Newswires) -- Reitar Logtech ( RITR ) said Tuesday it has reached a non-binding agreement with Solowin ( SWIN ) under which Solowin's ( SWIN ) US dollar-denominated Solomon Capital Fund SPC-Solomon Capital SP9 would invest up to $150 million in Reitar's logistics automation facilities, automated cold storage, and related assets.

The strategic partnership includes collaboration on logistics asset tokenization and stablecoin products, including the development of a Hong Kong dollar-backed stablecoin RHKD for logistics payments and supply chain financial services.

The partnership will leverage AlloyX's technology platform and adopt institutional-grade blockchain infrastructure with regulatory compliance.

The parties also plan to form a special investment fund in Qatar to focus on logistics digital infrastructure projects in the Middle East and support Reitar's expansion into Southeast Asian and Middle Eastern markets.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JP Morgan Among Asset Managers Appointed to Singapore's $3.9 Billion Equity Market Plan
JP Morgan Among Asset Managers Appointed to Singapore's $3.9 Billion Equity Market Plan
Jul 21, 2025
12:42 PM EDT, 07/21/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) unit JP Morgan Asset Management has been selected by the Monetary Authority of Singapore as one of the asset managers under the 5 billion Singapore dollar ($3.9 billion) equity market development program. The first batch of three selected asset managers are JP Morgan Asset Management, Avanda Investment Management...
Safran finalises acquisition of Collins Aerospace flight controls business
Safran finalises acquisition of Collins Aerospace flight controls business
Jul 21, 2025
July 21 (Reuters) - French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, which generated...
Elliott urges new BP chair to tackle operational underperformance
Elliott urges new BP chair to tackle operational underperformance
Jul 21, 2025
(Reuters) -Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to urgently address BP's shortcomings. Elliott believes the company requires decisive and effective leadership to overcome its chronic operational underperformance, a spokesperson for Elliott told Reuters in an emailed statement. BP has slashed planned renewables spending in a major strategy...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved