09:53 AM EDT, 08/11/2025 (MT Newswires) -- Solowin Holdings ( SWIN ) said Monday in a regulatory filing it is acquiring AlloyX, a developer of next-generation stablecoin infrastructure focused on tokenized money-market funds and cross-border payments.

Solowin Holdings ( SWIN ) shares were up 19% in recent early Monday trading.

AlloyX will receive around 106.8 million class A shares and 23.3 million class B shares of Solowin ( SWIN ) as consideration for 100% ownership of AlloyX, which Solowin ( SWIN ) valued at $350 million.

The transaction's details were specified in a 6-K regulatory filing with the US Securities and Exchange commission. The acquisition is expected to close Sept. 10. After the closing of the acquisition, AlloyX shareholders receiving Solowin ( SWIN ) shares are prohibited from disposing of their Solowin ( SWIN ) shares by any means for 12 months, Solowin ( SWIN ) said.

In addition, Vast Space Limited, controlled and owned by Ling Ngai Lok, AlloyX's chairman, chief executive and sole director, is entitled to performance-based earn-out payments if certain valuation milestones are achieved with 24 months of the closing. The maximum aggregate earn-out is $10 million, the company said.

Solowin ( SWIN ) also said Monday its wholly-owned subsidiary Solomon JFZ (Asia) Holdings has processed a total transaction volume of $100 million since launching its operational coin-in and coin-out services, underscoring the company's recent licensing achievements with the Hong Kong Securities and Futures Commission.