Solowin Shares Surge Following Crypto Investment

Dow Jones

01-04

By Connor Hart

Shares of Solowin Holdings jumped 41%, to $2.62, in postmarket trading after the financial-services firm said it will invest $10 million in Alloy X's Pre-A funding round.

The stock is down about 26% in the last 52 weeks.

The Chinese company said Friday its investment in Alloy X will help the Asian stablecoin-infrastructure firm expand its operations in the United Arab Emirates, the Association of Southeast Asian Nations and Africa. Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument.

Chief Executive Shing Tak Tam said the investment aligns with Solowin's goal to foster innovation and enable growth in the global-financial infrastructure sector. "We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for Solowin's shareholders."

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 03, 2025 17:38 ET (22:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument. \n</p>\n<p>\n  Chief Executive Shing Tak Tam said the investment aligns with Solowin's goal to foster innovation and enable growth in the global-financial infrastructure sector. \"We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for Solowin's shareholders.\" \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 17:38 ET (22:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Solowin Shares Surge Following Crypto Investment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolowin Shares Surge Following Crypto Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-04 06:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Solowin Holdings jumped 41%, to $2.62, in postmarket trading after the financial-services firm said it will invest $10 million in Alloy X's Pre-A funding round. \n</p>\n<p>\n  The stock is down about 26% in the last 52 weeks. \n</p>\n<p>\n  The Chinese company said Friday its investment in Alloy X will help the Asian stablecoin-infrastructure firm expand its operations in the United Arab Emirates, the Association of Southeast Asian Nations and Africa. Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument. \n</p>\n<p>\n  Chief Executive Shing Tak Tam said the investment aligns with Solowin's goal to foster innovation and enable growth in the global-financial infrastructure sector. \"We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for Solowin's shareholders.\" \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 17:38 ET (22:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SWIN","symbol_name":"ALPS/Dorsey Wright Sector Momentum ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500120543","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500120543","pubTimestamp":1735943880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Solowin Holdings jumped 41%, to $2.62, in postmarket trading after the financial-services firm said it will invest $10 million in Alloy X's Pre-A funding round.The stock is down about 26% in the last 52 weeks.The Chinese company said Friday its investment in Alloy X will help the Asian stablecoin-infrastructure firm expand its operations in the United Arab Emirates, the Association of Southeast Asian Nations and Africa. Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument.Chief Executive Shing Tak Tam said the investment aligns with Solowin's goal to foster innovation and enable growth in the global-financial infrastructure sector. \"We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for Solowin's shareholders.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SWIN":"ALPS/Dorsey Wright Sector Momentum ETF","BK4127":"投资银行业与经纪业"},"translate_title":"加密货币投资后Solowin股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SWIN":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Solowin Holdings jumped 41%, to $2.62, in postmarket trading after the financial-services firm said it will invest $10 million in Alloy X's Pre-A funding round. \n\n\n  The stock is down about 26% in the last 52 weeks. \n\n\n  The Chinese company said Friday its investment in Alloy X will help the Asian stablecoin-infrastructure firm expand its operations in the United Arab Emirates, the Association of Southeast Asian Nations and Africa. Stablecoins are cryptocurrencies whose value is tied to that of another currency, commodity or financial instrument. \n\n\n  Chief Executive Shing Tak Tam said the investment aligns with Solowin's goal to foster innovation and enable growth in the global-financial infrastructure sector. \"We believe the strategic investment highlights the transformative potential of stablecoins in global finance, creating substantial value for Solowin's shareholders.\" \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 03, 2025 17:38 ET (22:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}