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AlloyX Group Reaches Merger Agreement with Nasdaq-Listed Huaying Holdings at a $350 Million Valuation
BlockBeats News, September 3rd, AlloyX, a stablecoin infrastructure group focusing on cross-border payments and institutional asset tokenization, today announced that it has formally reached a merger agreement with Huaying Holding, a Nasdaq-listed company (NASDAQ: SWIN). This merger will fully leverage the strengths of both parties in traditional finance and the Web3 ecosystem, working together to create a new financial ecosystem with innovative financial payments at its core, promoting the deep integration of traditional finance and digital assets.
Prior to this merger, AlloyX has received recognition from several internationally renowned investment institutions. Leading institutions such as Fenbushi Capital, Longling Capital, Kiln, Arbitrum Foundation, and Offchain Labs have all participated in AlloyX's latest round of financing, demonstrating the industry's high recognition of AlloyX's development prospects.
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