TechFlow news, September 3 — According to Cailian Press, Hong Kong fintech company AlloyX Group today announced it has formally entered into a merger agreement with Huaying Holdings (NASDAQ: SWIN), a Nasdaq-listed company. Focusing on stablecoin infrastructure for cross-border payments and institutional-grade asset tokenization, this merger aims to build a new financial ecosystem centered on innovative financial payments.
Prior to the merger, AlloyX had received investments from several internationally renowned institutions, including Distributed Capital, Longling Investment, Kiln, Arbitrum Foundation, and Offchain Labs. All shareholders have voluntarily committed to a 12-month lock-up period.
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