AlloyX Group has reached a merger protocol with Huaying Holdings at a valuation of $350 million.

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[AlloyX Group reaches merger agreement with a valuation of $350 million with Huaying Holdings] Hong Kong fintech company AlloyX Group announced today that it has officially reached a merger agreement with NASDAQ-listed Huaying Holdings (NASDAQ: SWIN). AlloyX focuses on cross-border payments and institutional-grade asset tokenization stablecoin infrastructure. This merger aims to create a new financial ecosystem centered around innovative financial payments. Before the merger, AlloyX had received investments from several internationally renowned institutions, including Distributed Capital, Longling Investment, Kiln, Arbitrum Foundation, and Offchain Labs. All shareholders voluntarily commit to a 12-month lock-up period.

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