SBLX News & Events

StableX Technologies completed its second strategic token purchase, acquiring Chainlink tokens.

BitGo announced a strategic partnership with StableX Technologies. Under the partnership, BitGo Trust Company, Inc. will serve as the institutional-grade custodian for StableX's digital assets, while BitGo's affiliated trading platforms will work to facilitate StableX's planned acquisitions of various digital assets, providing access to deep liquidity via its OTC desk. "Digital asset treasury companies are expanding into increasingly diverse asset allocations," said Mike Belshe, CEO and Co-Founder at BitGo. "BitGo is excited to provide the infrastructure that is designed to keep forward-looking digital asset strategies, like StableX's, safe and compliant." The collaboration comes following an announcement by StableX of its goal to purchase $100M in crypto tokens powering the rapidly growing stablecoin industry.

StableX Technologies announced a strategic partnership with BitGo. Under the agreement, BitGo Trust Company, Inc. will act as the institutional-grade custodian for StableX's digital asset holdings, providing regulated, secure cold storage and comprehensive compliance oversight. In addition, BitGo's affiliated trading platforms will support StableX's planned acquisitions of various crypto assets, offering deep liquidity through BitGo's OTC desk. This partnership follows StableX's recently announced initiative to invest up to $100 million in tokens powering the rapidly growing stablecoin industry. By integrating BitGo's regulated custody and market access solutions, StableX aims to strengthen the security, transparency, and scalability of its digital asset treasury strategy.

StableX Technologies initiated a purchase of FLUID tokens, which marks the Company's first purchase since announcing its focus on investing in foundational tokens that power the rapidly growing stablecoin industry. "Our first token purchase of FLUID signifies the beginning of an important new chapter for StableX," said James Altucher, StableX's Digital Treasury Asset Manager. "In less than a year, FLUID has gone from zero to being a market leader in stablecoin trading, generating millions in monthly fees and growing its community at an extraordinary pace. Due to the sharp increase in fee volume, FLUID announced it will begin using all of its revenue to buy back tokens as of October 1, 2025, which we believe will be a major catalyst for FLUID's token price growth. While the purchase of FLUID represents StableX's first investment into a portfolio of tokens that power the fast-growing stablecoin industry, we look forward to providing updates to stakeholders as we begin to execute our planned expansion of this portfolio with additional purchases of high-value assets within the stablecoin industry. The launch of our previously announced strategy using FLUID as our first purchase underscores the benefit in acquiring tokens that are foundational to the stablecoin industry. As the industry continues its acceleration, we believe that our token purchase strategy will be a major beneficiary, delivering value to all of our stakeholders."