SOLOWIN has reached a securities purchase agreement to finance 100 million dollars to support stablecoin and asset tokenization business

The Nasdaq-listed fintech company SOLOWIN HOLDINGS announced that it has reached a securities purchase agreement with Streeterville Capital to secure $100 million in financing. SOLOWIN will issue and sell prepaid shares for Streeterville Capital to purchase, with the first transaction of approximately $5.415 million in prepaid shares already completed. The company plans to use these funds to support its stablecoin and asset tokenization business.

SOLOWIN previously disclosed that it will launch a Bitcoin quantitative fund with Antalpha, with a size of up to $100 million, and will employ data-driven algorithmic trading strategies to invest in Bitcoin.