SOLOWIN HOLDINGS Collaborates with Quantum and Time Group to Advance Malaysia’s New Energy Sector and Promote Compliant Green Asset Tokenization

Rhea-AI Summary

SOLOWIN HOLDINGS (NASDAQ: AXG) subsidiary AlloyX formed a strategic partnership with Quantum and Time Group in Malaysia to pilot compliant tokenization of revenue rights from QTG’s new energy projects. The collaboration targets high-quality solar and green power assets using smart contracts and on-chain transparency to create regulated digital financial products that aim to attract global investors and channel long-term capital into Malaysia’s energy transition. The project aligns with Malaysia’s renewable goals and seeks to establish a benchmark for green asset tokenization across ASEAN.

Key Figures

H1 FY2026 revenue: $5.84M Revenue growth: 453% YoY H1 FY2026 net loss: $4.63M +5 more

8 metrics

H1 FY2026 revenue $5.84M Unaudited results for six months ended Sept 30, 2025

Revenue growth 453% YoY H1 FY2026 vs prior-year period

H1 FY2026 net loss $4.63M Unaudited results for six months ended Sept 30, 2025

AUM $820M As reported for H1 FY2026

AlloyX acquisition value $350M Acquisition of AlloyX completed in H1 FY2026

Private placement proceeds $11,500,000 3,782,895 Class A shares at $3.04 per share

Total assets $383.2M As of Sept 30, 2025 per 6-K filing

Short interest 5.3% Short percent of float from risk context

Market Reality Check

Price: $4.11 Vol: Volume 1,017,131 is 1.42x...

normal vol

$4.11 Last Close

Volume Volume 1,017,131 is 1.42x the 20-day average of 715,369 shares. normal

Technical Price $4.25 is trading above the 200-day MA at $3.77, near the $4.75 52-week high.

Historical Context

5 past events · Latest: Jan 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 13	License acquisition	Positive	+2.5%	Plan to acquire Canadian MSB license to access regulated North American markets.
Jan 09	Earnings update	Neutral	-4.3%	H1 FY2026 results with strong revenue growth but continued net loss.
Nov 14	Regulatory pilot role	Positive	+5.3%	Subsidiary named industry pioneer in HKMA EnsembleTX tokenization pilot.
Nov 12	RegTech partnership	Positive	-8.4%	Deep collaboration with 4Paradigm on AI + blockchain compliance platform.
Oct 24	Ticker relaunch	Positive	+9.6%	Nasdaq bell-ringing under new ticker AXG and Web3 strategy shift.

Pattern Detected

News and strategic collaborations often elicit significant but mixed price reactions, with both strong rallies and sharp pullbacks observed.

Recent Company History

Over the last few months, AXG has reported rapid growth in digital asset services, including H1 FY2026 revenue of $5.84M and expansion of assets under management to $820M. The company has emphasized tokenization, real‑world assets, and stablecoin infrastructure, highlighted by its Nasdaq ticker change to “AXG” on Oct 24, 2025 and selection for HKMA’s EnsembleTX pilot. Strategic initiatives such as the AlloyX acquisition and RegTech joint venture with 4Paradigm frame today’s Malaysia-focused green asset tokenization partnership as another step in this digital finance roadmap.

Market Pulse Summary

This announcement highlights AXG’s expansion of its real‑world asset strategy into Malaysia’s green ...

Analysis

This announcement highlights AXG’s expansion of its real‑world asset strategy into Malaysia’s green energy sector, aligning digital asset tokenization with renewable power projects. It builds on prior steps such as the $350M AlloyX acquisition, H1 FY2026 revenue of $5.84M, and participation in the HKMA EnsembleTX pilot. Investors may watch execution on compliant structures, actual tokenized deal flow, and how these initiatives affect revenues and the company’s net loss, which was $4.63M in H1 FY2026.

Key Terms

tokenization, web3, smart contracts, real-world asset

4 terms

tokenization technical

"The collaboration will focus on the tokenization of revenue rights derived from QTG’s"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

web3 technical

"QTG’s practical Web3 experience will be integrated into the asset digitization process"

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

smart contracts technical

"utilizing smart contracts and on-chain transparency to enhance operational efficiency"

Self-executing digital agreements whose terms are written as code and stored on a distributed ledger so they run automatically when preset conditions are met — like a vending machine that releases a snack only after you insert the right coins. Investors care because smart contracts can speed up transactions, cut middlemen, reduce errors and fraud, and create new ways to issue, trade or enforce financial assets, which affects costs, risk and regulatory oversight.

real-world asset financial

"Malaysia’s real-world asset (“RWA”) market, which is increasingly driven by"

A real-world asset is a tangible or economically grounded item — such as property, commodities, loans, or equipment — that has intrinsic value in the physical economy. Investors care because these assets can provide stable cash flow, serve as collateral, and diversify portfolios against volatile market bets; think of them as the concrete bricks that can steady a portfolio built with more speculative paper or digital holdings.

AI-generated analysis. Not financial advice.

Hong Kong, Jan. 23, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: AXG) (“AXG” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced that its wholly owned subsidiary, AlloyX (Hong Kong) Limited (“AlloyX”), has entered into a comprehensive strategic partnership with Quantum and Time Group (“QTG”), a leading new energy investment and operations company in Malaysia.

The collaboration will focus on the tokenization of revenue rights derived from QTG’s established new energy projects. Leveraging Malaysia’s increasingly mature regulatory framework for asset tokenization, the two parties aim to jointly develop a benchmark project that integrates green assets with digital finance, injecting innovative momentum into the energy transition across the ASEAN region.

As a key participant in Malaysia’s new energy sector, QTG’s core strengths lie in its ownership of tangible asset and stable, sustainable cash flows. Its solar and green power projects are closely aligned with Malaysia’s national goal of achieving 70% renewable energy generation by 2050. Drawing on its regional operating expertise and compliance experience, the collaboration will initially focus on high-quality green electricity assets with stable long-term returns, ensuring a solid foundation for compliant tokenization. QTG’s practical Web3 experience will be integrated into the asset digitization process, utilizing smart contracts and on-chain transparency to enhance operational efficiency and investor trust.

The formation of this partnership coincides with a critical phase in Malaysia’s real-world asset (“RWA”) market, which is increasingly driven by regulation clarity and compliance priorities. The collaboration between AXG and QTG represents a forward-looking initiative aligned with this regulatory direction. By leveraging blockchain technology and financial innovation, sustainable green energy assets will be transformed into transparent, verifiable digital financial products that offer both liquidity and regulatory compliance. This initiative opens a regulated pathway for global investors to participate in ASEAN’s green economy while channeling long-term, sustainable capital into Malaysia’s new energy projects—fully supporting the country’s ambition to become a regional green energy hub.

Dr. Thomas Zhu, Co-Founder and Chief Executive Officer of AlloyX, stated: “New energy and sustainable development are becoming central themes in global capital allocation. This collaboration represents a significant milestone for AXG in digital asset tokenization and green finance. Through a compliant and replicable structural framework, we aim to enable the deep integration of real-world sustainable assets with the digital financial system across ASEAN.”

Mr. Hewjerd Teng, Executive President of QTG, commented: “Quantum and Time Group has long anchored its strategy on renewable energy generating assets and their stable long-term cash flows. Our partnership with AlloyX represents an important step in exploring compliant structure for the digitalization of economic rights derived from renewable energy projects. By enhanced transparency and verifiability, we aim to attract long-term, sustainable capital to support regional energy transition and the development of a low-carbon economy.”

As a Nasdaq-listed leader in compliant digital asset services, AXG will leverage its core strengths in tokenized product design, cross-border compliant structure, and global investor access to advance this initiative jointly with QTG. This partnership not only marks AXG’s official entry into Malaysia’s new energy RWA market, but also aims to establish a benchmark for collaboration between Chinese and Malaysian enterprises in the convergency of green finance and the digital economy. The initiative is expected to further accelerate energy transition efforts and sustainable development across the ASEAN region.

About Quantum and Time Group

Quantum and Time Group (“QTG”) is a renewable energy investment group focused on scaling renewable energy through strategic capital deployment. QTG operates a solar portfolio generating approximately 25 million kWh per annum and is among Malaysia’s early Sustainable Energy Development Authority (SEDA)-certified grid-tied solar investors. QTG invests across solar photovoltaic (PV), hydropower, and emerging renewables, with activities spanning Commercial & Industrial (“C&I”) and large-scale developments in Malaysia, Taiwan, Indonesia, and the Philippines. Anchored in energy asset cash flows, QTG emphasizes lifecycle value creation and integrates technology with capital markets to support regional energy transition and sustainable development.

About SOLOWIN HOLDINGS

SOLOWIN HOLDINGS (NASDAQ: AXG) is a global leading financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, it has dedicated to bridging traditional and decentralized finance by building a secure, efficient and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. Leveraging its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin, the Company has developed a multi-jurisdictional, vertically integrated, enterprise-grade new financial platform encompassing global stablecoin payments, corporate treasury and private wealth management and tokenization as a service. Backed by leading international institutional investors, the Company manages compliant and transparent digital assets that are closely connected to the real economy. The Company is committed to establishing itself as a leading global digital asset financial platform, driving the seamless convergence of traditional finance and the digital assets ecosystem.

For more information, visit the Company’s website at https://www.alloyx.com or investor relations webpage at https://ir.alloyx.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC”) including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries please contact:

SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solomonwin.com.hk

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

What did SOLOWIN HOLDINGS (AXG) announce on January 23, 2026 about Malaysia?

AXG said its subsidiary AlloyX entered a strategic partnership with Quantum and Time Group to tokenize revenue rights from Malaysian new energy projects.

How will the AXG and QTG partnership tokenization work for AXG (NASDAQ: AXG)?

The partnership plans to use smart contracts and on-chain transparency to convert revenue rights from green electricity assets into compliant digital financial products.

Which types of assets will AXG and Quantum and Time Group focus on for tokenization under AXG (AXG)?

They will initially focus on high-quality solar and green power projects with stable, long-term cash flows.

What investor access does the AXG (NASDAQ: AXG) initiative aim to provide?

The effort aims to open a regulated pathway for global investors to access Malaysia’s green energy assets via tokenized, verifiable instruments.

Does the AXG partnership claim regulatory compliance for the tokenization in Malaysia?

Yes; the collaboration emphasizes leveraging Malaysia’s maturing regulatory framework to build a compliant, replicable tokenization structure.

What is the regional significance of AXG’s (AXG) partnership with Quantum and Time Group?

AXG says the initiative intends to establish a benchmark for China–Malaysia collaboration and accelerate green finance and energy transition across ASEAN.