TechFlow, October 9 — According to GLOBE NEWSWIRE, Solowin Holdings (NASDAQ: SWIN), a Nasdaq-listed company, announced that its Class A ordinary shares will begin trading on the Nasdaq Exchange under the new ticker symbol "AXG" starting October 10, marking its strategic transition into Web3 businesses.
The company is focusing on asset tokenization and building global digital payment infrastructure through the acquisition of fintech firm AlloyX Limited and the development of the AX Coin stablecoin. Key milestones include: completing the acquisition of AlloyX in September, integrating traditional finance with the crypto economy; restructuring AX Coin HK Limited as the core stablecoin infrastructure entity; launching the Ferion real-world asset (RWA) platform; and its subsidiary Solomon holding a full cryptocurrency license from the Hong Kong Securities and Futures Commission, serving as one of the first authorized participants in Hong Kong's Bitcoin/Ethereum ETFs.
AlloyX also plans to launch a $100 million ecosystem fund, AX Venture, focused on investments in stablecoin infrastructure and tokenization technologies. Existing shareholders do not need to take any action, and the company's CUSIP number remains unchanged.
