06:53 AM EDT, 09/03/2025 (MT Newswires) -- Solowin Holdings ( SWIN ) said Wednesday that it has closed its $350 million acquisition of stablecoin infrastructure provider AlloyX.

All AlloyX's selling shareholders are subject to a 12-month lock-up period, the company said.

Moreover, if AlloyX reaches a $600 million valuation within 24 months of closing, an additional $5 million payment will be made to key members of the AlloyX management team. A further $5 million will be payable to members if the valuation reaches $1 billion within this period.

Solowin ( SWIN ) shares were up almost 14% in recent Wednesday premarket activity.