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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<div class=\"head\" \">\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 smaller\">2025-01-04 06:38</p>\n</div>\n</div>\n</h4>\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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投資銀行業與經紀業","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. 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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}}}