AlloyX Group reached a merger agreement with NASDAQ listed company Huaying Holdings at a valuation of US$350 million

Comparing news, AlloyX Group (hereinafter referred to as AlloyX), a stablecoin infrastructure focused on cross-border payments and the tokenization of institutional assets, announced today that it has formally reached a merger agreement with NASDAQ listed company Huaying Holdings (NASDAQ: SWIN, hereinafter referred to as Huaying). The merger will give full play to the advantages of the two sides in traditional finance and the Web3 ecosystem, work together to build a new financial ecosystem with innovative financial payments as the core, and promote the deep integration of traditional finance and digital assets.

Prior to this merger, AlloyX was recognized by a number of internationally renowned investment institutions. Top institutions including Fenbushi Capital (distributed capital), Longling Capital (Longling Investment), Kiln, Arbitrum Foundation, and Offchain Labs all participated in AlloyX's latest round of financing, demonstrating the industry's high recognition of AlloyX's development prospects.