SOLOWIN reaches securities purchase agreement to raise 100 million USD to support stablecoin and asset tokenization business
ChainCatcher reported that Nasdaq-listed fintech company SOLOWIN HOLDINGS announced it has reached a securities purchase agreement with Streeterville Capital to secure $100 millions in financing. SOLOWIN will issue and sell prepaid shares for Streeterville Capital to purchase, with the first transaction of approximately $5.415 millions 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 of up to $100 millions in partnership with Antalpha, and will adopt a data-driven algorithmic trading strategy to invest in bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high
As Middle Eastern supply disruptions intensify and buyers scramble to secure energy sources, the cost of shipping U.S. crude oil to Asia has soared to a new record.
Dow Jones Top Markets Headlines at 11 PM ET: U.S. Stocks Down as Oil, Yield Shock Continues | What ...
Fourth attempt finally approved! Brookfield (BAM.US) acquires Australian pipeline products manufacturer RWC for $2.9 billion, a 32% premium
Brookfield Asset Management has agreed to acquire Reliance Worldwide Corp. in an all-cash deal, valuing the Australian plumbing products company at approximately 4.1 billion Australian dollars (about 2.9 billion US dollars).
Spot Gold Surpasses $4,300 per Ounce, Up 0.16% for the Day
Crypto prices
More
