Citing TechFlow, NASDAQ-listed Solowin Holdings (NASDAQ: SWIN) announced on October 9 that its Class A common stock will trade under the new ticker symbol 'AXG' starting October 10, signaling a strategic shift toward Web3. The company has acquired fintech firm AlloyX Limited and is developing the AX Coin stablecoin, focusing on asset tokenization and global digital payment infrastructure. Key developments include the September acquisition of AlloyX, integration of traditional finance with crypto, restructuring AX Coin HK Limited as the stablecoin infrastructure core, and the launch of the Ferion real-world asset (RWA) platform. Its subsidiary Solomon holds a full crypto license from the Hong Kong SFC and is among the first Bitcoin/Ethereum ETF market makers in Hong Kong. AlloyX also plans to launch a $100 million AX Venture fund focused on stablecoin infrastructure and tokenization technology investments. Existing shareholders need no action, and the company's CUSIP number remains unchanged.
Solowin Holdings Rebrands Stock Ticker to AXG, Shifts Focus to Web3
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