The stablecoin infrastructure company AlloyX has completed a $10 million Pre-A round of financing.

According to Wu, Nasdaq-listed company Solowin Holdings has announced that it has completed a $10 million Pre-A round financing for stablecoin payment infrastructure company AlloyX in collaboration with partners such as the Arbitrum Foundation and PMT Capital. This funding will be used to support AlloyX's business expansion in the Middle East, Southeast Asia, and Africa.