AlloyX
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.
- Company typePrivate
- Founded2023
- HeadquartersDover, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
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.
AlloyX firmographics
Firmographics- 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
AlloyX industry classification
Industry- 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
Where AlloyX is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
AlloyX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- Stablecoin Issuance & Payments: Revenue generated from stablecoin issuance, cross-border payment processing, and transaction fees across the stablecoin infrastructure platform.
- 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
AlloyX product offering
Product offeringCore 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
Companies that use AlloyX
Customer profileSegments3 records
Ideal customer profiles3 records
AlloyX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration19 records
AI capability2 records
Feature5 records
AlloyX partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and strategic.
- Libeara Pte. Ltd.coreAlloyX 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 BaycoreAlloyX 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)strategicAlloyX 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)coreStandard 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
AlloyX competitors and assessment
Company assessmentBroad 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
AlloyX social profiles
Digital presenceAlloyX compliance and trust
Trust signalCompliance3 records
AlloyX financial estimates
Financial estimateRevenue estimate
Valuation estimate
AlloyX leadership team
Management profileNumber of profiles
AlloyX subsidiaries and ownership
Company hierarchySubsidiaries1 record
AlloyX funding detail
Funding detailFunding overview
Funding rounds2 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AlloyX M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AlloyX
What does AlloyX do?
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.
Is AlloyX a public or private company?
AlloyX is a private company. It is classified as corporate owned and is currently operating.
When was AlloyX founded?
AlloyX was founded in 2023. It employs 1 to 10 people.
Where is AlloyX based?
AlloyX is headquartered in Dover, United States, in the North America region.
How does AlloyX make money?
Three revenue lines are on record. DeFi Protocol Integration & Investment Vaults are the primary driver. The others are stablecoin Issuance & Payments and tokenization Services (RYT & Ferion).
Who are AlloyX's main competitors?
Broad incumbents on record are Circle Internet Group and Tether. Direct peers are Paxos, Ondo Finance, Maple Finance, Securitize and Libeara. Emerging players are Plume Network and Fireblocks. StraitsX is listed as a regional player.
Does AlloyX have an API?
No public API is recorded for AlloyX.
What industry is AlloyX in?
AlloyX's product category is Stablecoin and Digital Asset Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSADADAA, Stablecoin Issuers (Fiat-Backed). Its NAICS code is 523 and its SIC code is 6200.