AlloyX, an Asia-based stablecoin aggregation sales infrastructure platform, has successfully completed a $10 million Pre-A round of financing. The funds will be used to expand its global stablecoin infrastructure and business operations in the UAE, ASEAN, and Africa. Key investors in this round include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS. This financing comes amid significant developments in the stablecoin payment sector, such as Stripe's acquisition of Bridge for $1.1 billion and BVNK's $50 million Series B financing at a $750 million valuation.

PANews reported on December 30 that AlloyX, an Asia-based aggregation sales infrastructure platform, announced the completion of a $10 million Pre-A round of financing to expand global stablecoin infrastructure construction and plans to expand its business in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS. This financing follows major developments in the stablecoin payment field, including Stripe's acquisition of Bridge for $1.1 billion and BVNK's $50 million Series B financing at a valuation of $750 million.

AlloyX Completes $10 Million Pre-A Financing to Expand Global Stablecoin Infrastructure