SOLOWIN Plans to Raise $100 Million to Support Stablecoin and Asset Tokenization Business

Odaily News: Nasdaq-listed fintech company SOLOWIN HOLDINGS announced that it has entered into 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. The initial transaction of approximately $5.415 million in prepaid shares has been completed. The company plans to use the funds to support its stablecoin and asset tokenization business. SOLOWIN previously disclosed plans to launch a Bitcoin quantitative fund of up to $100 million with Antalpha, which will employ a data-driven algorithmic trading strategy to invest in Bitcoin. (Globenewswire)