AlloyX

What AlloyX does

AlloyX is a regulated stablecoin orchestration and real-world asset (RWA) tokenization platform serving financial institutions, corporates, and government entities. Founded in 2023 in Berkeley, California and now operating primarily through AlloyX Limited in Hong Kong, the company was acquired in 2024 by Nasdaq-listed Solowin Holdings for $350 million, which rebranded its ticker to AXG. The platform supports stablecoin issuance and management, cross-border payment rails, and the FERION AI-driven tokenization engine, alongside the RYT (Real Yield Token) — a tokenized money market fund built on Polygon whose assets are custodied by Standard Chartered Bank (Hong Kong).

The product portfolio spans seven blockchain networks (Ethereum, Polygon, Solana, BNB Chain, Avalanche, Base, TON) and supports over ten fiat currencies across 90+ countries, with partner-branded offerings including Aurox tokenized gold, a digital asset Card, and the Solomon investment platform. Distribution is anchored by institutional custody and partnership relationships — Standard Chartered custody, Bahrain FinTech Bay, Libeara (SC Ventures-backed), Quantum and Time Group (QTG) for green energy RWA, and the Nalores Bridge cross-chain service for South Korea.

Revenue mechanics combine transaction fees on stablecoin payments and DeFi vault participation with managed services fees from tokenization (FERION, RYT). The customer base is overwhelmingly institutional and enterprise, with no pricing publicly disclosed and no revenue or ARR figures reported. Headcount remains in the 1–10 range despite the public listing and broad geographic footprint, indicating a capital-efficient platform model that relies on partners and tokenized product distribution rather than large in-house operational scale.

Name

AlloyX

Legal name

AlloyX Limited

Website

https://alloyx.xyz

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

AlloyX is a Hong Kong-headquartered regulated stablecoin orchestration and real-world asset tokenization platform serving financial institutions and corporates across 90+ countries. It operates stablecoin issuance, cross-border payments, AI-driven tokenization (FERION), and a tokenized money market fund (RYT) as a subsidiary of Nasdaq-listed Solowin Holdings.

Ownership category

akta.pro rank

Product category

Stablecoin and Digital Asset Infrastructure

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Contracts Intermediation and Brokerage (5231), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)

akta.pro secondary industries

Stablecoin Issuers (Fiat-Backed) (FSADADAA), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)

Keywords

• Stablecoin orchestration
• Digital asset infrastructure
• Real-world asset tokenization
• Cross-border payments
• Tokenized money market funds

Headquarters

HQ city

Dover

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. DeFi Protocol Integration & Investment Vaults: AlloyX aggregates tokenized credit and real-world assets through its platform and offers investment vaults to users, generating revenue through vault participation fees and DeFi protocol integration services.
2. Stablecoin Issuance & Payments: Revenue generated from stablecoin issuance, cross-border payment processing, and transaction fees across the stablecoin infrastructure platform.
3. Tokenization Services (RYT & Ferion): AI-driven tokenization platform FERION used to tokenize assets including money market funds (RYT) and green energy revenue rights, likely generating fees from tokenization and management.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

AlloyX provides a regulated stablecoin and digital asset infrastructure platform enabling institutional clients to issue and manage stablecoins, execute cross-border payments across 90+ countries, tokenize real-world assets (including money market funds, credit, and green energy revenue rights) via its AI-driven FERION platform, and access regulated DeFi yield through the Real Yield Token (RYT) on the Polygon network with Standard Chartered custody. The platform operates across seven blockchain networks and supports 10+ fiat and digital currencies.

Product overview

AlloyX (Nasdaq: AXG) is Asia's leading regulated global stablecoin super platform offering a unified suite of digital asset products. The platform operates across stablecoin issuance and management, cross-border payments, AI-driven tokenization (Ferion), tokenized money market funds (RYT), tokenized gold, and digital cards. Core offerings include the Stablecoin orchestration platform, Payment infrastructure supporting 90+ countries, Ferion tokenization engine, and RYT (Real Yield Token) on Polygon. The portfolio also includes investment solutions through Solomon and venture activities via AlloyX Ventures. The company supports multiple blockchain networks (Ethereum, BNB Smartchain, Polygon, Avalanche, Solana, Base, TON) and various fiat currencies for global reach.

Differentiator

Problem solved

Functional benefit

Brands

• Ferion: AI-driven tokenization platform developed by AlloyX for creating tokenized financial products.
• RYT (Real Yield Token)

Products and services

• Stablecoin Regulated stablecoin issuance and management platform enabling 24/7 global stablecoin operations for institutional clients, with multi-currency and multi-chain support across Ethereum, Polygon, BNB Chain, Solana, Avalanche, Base, and TON.
• Payment Cross-border digital payment infrastructure supporting both digital currencies and multiple fiat currencies for global transactions across 90+ countries.
• Ferion AI-driven tokenization platform enabling conversion of traditional finance assets (money market funds, credits, green energy revenue rights) into blockchain tokens using structured data processing and process automation.
• RYT (Real Yield Token) Tokenized money market fund integrating with DeFi strategies on the Polygon network, with assets custodied by Standard Chartered Bank (Hong Kong). Bridges TradFi liquidity with DeFi efficiency within a regulated framework.
• Gold (Tokenized Gold) Tokenized gold product enabling digital ownership and trading of gold assets on blockchain platforms, operated via the Aurox platform.
• Card Digital asset card product enabling users to spend tokenized assets for everyday transactions.
• Solomon Investment platform under the Solomon brand providing access to digital asset investment opportunities.
• Nalores Bridge Cross-chain bridge service in partnership with Nalores Quantum Protocol enabling token transfers between Ethereum and BNB Smartchain, plus wallet, custody, node, and smart contract verification services for financial institutions, telecom companies, public institutions, and digital asset operators in South Korea.

Quantifiable outcome

• 90+ countries covered by the platform
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• Libeara Pte. Ltd.coreStrategic or Co-development Partner · 10 April 2026AlloyX Ventures Limited (a venture arm of Solowin Holdings / AlloyX) participated in Libeara's funding round. Libeara is a regulated real-world asset tokenization platform backed by Standard Chartered's SC Ventures. The investment aims to deepen ecosystem synergies and advance tokenization initiatives across Asia and globally while strengthening the bridge between traditional finance and on-chain markets. The companies previously collaborated to launch RYT, a tokenized money market fund built on AlloyX's AI-driven tokenization platform FERION.
• Bahrain FinTech BaycoreStrategic or Co-development Partner · 15 February 2026AlloyX partnered with Bahrain FinTech Bay to develop and test regulated stablecoin use cases in Bahrain, including cross-border payments and tokenized financial services. The collaboration involves working with global and regional payments partners while pursuing regulatory approval from Bahrain's Central Bank. The partnership supports AlloyX's leadership positioning in the GCC region and represents progress toward its market entry in the regulated digital economy space. Bahrain introduced a stablecoin regulatory framework in 2025 as part of its fintech investment attraction strategy.
• Quantum and Time Group (QTG)strategicStrategic or Co-development Partner · 23 January 2026AlloyX entered into a strategic partnership with QTG, a Malaysian new energy investment and operations company, to tokenize revenue rights from QTG's solar and green power projects. The collaboration leverages Malaysia's regulatory framework for asset tokenization and aligns with Malaysia's goal of achieving 70% renewable energy generation by 2050. QTG operates a solar portfolio generating approximately 25 million kWh per annum, spanning Malaysia, Taiwan, Indonesia, and the Philippines. The project aims to establish a benchmark for integrating green assets with digital finance across ASEAN.
• Standard Chartered Bank (Hong Kong)coreStrategic or Co-development Partner · 24 November 2025Standard Chartered Bank (Hong Kong) serves as the custodian and overseer for AlloyX's RYT (Real Yield Token), a tokenized money market fund integrating with DeFi strategies on the Polygon network. The partnership bridges TradFi liquidity with DeFi efficiency within a regulated framework, leveraging Polygon's ecosystem and Standard Chartered's institutional trust.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Circle Internet Group: Circle is the largest regulated USDC stablecoin issuer and offers enterprise APIs for issuance, redemption, and cross-border payments. It is a broad incumbent in the same on-chain payments and stablecoin infrastructure category as AlloyX, with significantly greater scale and balance sheet.
• Tether: Tether (USDT) is the dominant fiat-backed stablecoin issuer globally. While less regulated than AlloyX targets to be, it competes directly for the same institutional and cross-border payment use cases across emerging markets and Asia.

Direct peers

• Paxos: Paxos is a regulated stablecoin issuer (USDP, PYUSD with PayPal) and tokenization infrastructure provider. Like AlloyX, it pursues regulated stablecoin issuance and tokenized financial products for institutions, making it a direct comparable.
• Ondo Finance: Ondo Finance tokenizes US Treasuries and money market funds for on-chain yield, directly competing with AlloyX's RYT tokenized money market product. Both target institutional DeFi yield within regulated frameworks.
• Maple Finance: Maple Finance operates institutional credit vaults and tokenized real-world assets on-chain, overlapping with AlloyX's RWA tokenization and DeFi yield strategies targeting institutional clients.
• Securitize: Securitize is a regulated RWA tokenization platform offering issuance, transfer agent, and on-chain services to institutional issuers. It is comparable to AlloyX's Ferion tokenization stack and RYT-style products.
• Libeara: Libeara is a regulated real-world asset tokenization platform backed by Standard Chartered's SC Ventures, and an AlloyX partner that co-built RYT. It directly overlaps in tokenized funds and Asia institutional distribution.

Emerging players

• Plume Network: Plume is an emerging RWA-focused Layer 2 blockchain with built-in tokenization infrastructure. It is comparable as an emerging RWA infrastructure player intersecting with AlloyX's multi-chain tokenization ambitions.
• Fireblocks: Fireblocks provides institutional digital asset custody, tokenization, and payment infrastructure for banks and fintechs. It is comparable to AlloyX in serving institutions with custody, tokenization, and on-chain payment rails.

Regional players

• StraitsX: StraitsX is a Singapore-based regulated stablecoin issuer (XSGD, XUSD) operating across Asia with MAS oversight. It is a regional peer to AlloyX's Hong Kong-based regulated stablecoin operations across ASEAN payment corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AlloyX_Limited
• LinkedInlinkedin.com/company/alloyxorg

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AlloyX