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TLGY Acquisition Corp. to merge with StablecoinX

TAKEN PRIVATESep 05, 2025

Acquiring Company

TLG Acquisition Holdings

Acquired Company

StablecoinX Assets

New YorkGeorgiaFinancial ServicesFinancial ServicesFinanceFintechBlockchainCryptocurrencyLending

Description

TLGY Acquisition Corp. has entered into a definitive agreement to merge with StablecoinX Assets Inc. The transaction is supported by an additional $530 million in private investment. Upon closing, the combined entity will operate as StablecoinX Inc., focusing on developing a treasury strategy in the Ethena ecosystem.

Quick answer

TLG Acquisition Holdings is acquiring StablecoinX Assets, announced September 5, 2025. TLG Acquisition Holdings is based in New York, New York, United States.

How much did TLG Acquisition Holdings pay for StablecoinX Assets?
The deal value was not disclosed.
What does TLG Acquisition Holdings do?
TLG is an integrated port and cargo handling operator with facilities in Mozambique, Namibia, and South Africa.
Where are TLG Acquisition Holdings and StablecoinX Assets based?
TLG Acquisition Holdings is based in New York, New York, United States. StablecoinX Assets is based in Georgia, United States.
Who are the decision-makers at TLG Acquisition Holdings?
Fundz holds 1 contact at TLG Acquisition Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

TLG Acquisition Holdings

Location

New York, New York, United States

About

TLG is an integrated port and cargo handling operator with facilities in Mozambique, Namibia, and South Africa. The company focuses on handling bulk commodities and agricultural products across the region. TLG is recognized for its contribution to improving port logistics and export capabilities in southern Africa. As a newly acquired entity by ICTSI, it aims to enhance operational synergies.

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Frequently asked

Who acquired StablecoinX Assets?

StablecoinX Assets was acquired by TLG Acquisition Holdings, based in New York. The deal was reported on September 5, 2025. TLG is an integrated port and cargo handling operator with facilities in Mozambique, Namibia, and South Africa. The company focuses on handling bulk commodities and agricultural products across the region. TLG Acquisition Holdings is privately held and operates in Financial Services.

When did TLG Acquisition Holdings acquire StablecoinX Assets?

TLG Acquisition Holdings's acquisition of StablecoinX Assets was reported on September 5, 2025. TLGY Acquisition Corp. has entered into a definitive agreement to merge with StablecoinX Assets Inc. The transaction is supported by an additional $530 million in private investment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does StablecoinX Assets do?

StablecoinX Assets is a startup focused on creating a public company that will manage large amounts of Ethena's ENA tokens. It aims to operate within the decentralized finance ecosystem, leveraging stablecoins to transform financial transactions. It is privately held, operating in Financial Services, and is based in Georgia.

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