AlloyX Group reaches merger agreement with Nasdaq listed Huaying Holdings at $350 million

According to BlockBeats, on September 3, AlloyX Group (hereinafter referred to as "AlloyX"), a stablecoin infrastructure focusing on cross-border payments and institutional-level asset tokenization, announced today that it has officially reached a merger agreement with Nasdaq listed company Huaying Holdings (NASDAQ: SWIN, hereinafter referred to as "Huaying"). This merger will give full play to the advantages of both parties in traditional finance and Web3 ecosystems, work together to create a new financial ecosystem with innovative financial payments as the core, and promote the deep integration of traditional finance and digital assets. Before this merger, AlloyX has been recognized by many internationally renowned investment institutions. Top institutions including Fenbushi Capital, Longling Capital, Kiln, Arbitrum Foundation and Offchain Labs all participated in the latest round of financing of AlloyX, demonstrating the industry's high recognition of AlloyX's development prospects.