what's Solomon?
Solomon is a Hong Kong-based licensed brokerage specializing in virtual assets, operating as a key subsidiary of AlloyX Group. It provides institutional-grade services for crypto trading, custody, and distribution, including partnerships for ETF launches and stablecoin integrations. With regulatory approvals for virtual assets, payments, and trusts, Solomon enables seamless fiat-to-crypto conversions and multi-chain operations across over 70 countries. The platform leverages advanced tokenization technology and secure wallets to support real-world asset (RWA) tokenization, payments infrastructure, and compliance-focused solutions. By bridging traditional finance with blockchain, Solomon facilitates enterprise adoption of cryptocurrencies, emphasizing security, regulatory adherence, and global scalability for both retail and institutional clients.
Solomon passed a $1M treasury buyback proposal via futarchy governance.
Links
x.com/alloyx_limitedPassed a $1.0M treasury buyback proposal through futarchy governance.
A Solomon presale listed as permissioned on MetaDAO Project resulted in participants losing money, with accusations of extraction and exit liquidity schemes where profiteers mock victims.
The world's first spot Solana ETF goes live in Hong Kong on October 16, launched by ChinaAMC (HK) with Solomon serving as distributor.
Executed the largest M&A transaction of $350M during the Aug 31-Sept 6 period, driving infrastructure growth.
New partnership with SlowMist to develop secure stablecoin infrastructure.
Integrates Chainlink Proof of Reserve & NAVLink on Arbitrum and Polygon to enhance transparency for Real Yield Token (RYT), a tokenized USD money market fund.