StableX advances $100m crypto treasury play with BitGo alliance
StableX’s stablecoin strategy takes shape
StableX’s alliance with BitGo is the latest tactical move in the company’s rapid transformation from a specialty vehicle manufacturer to a focused digital asset investor. The company, formerly known as AYRO Inc., officially rebranded to StableX Technologies and changed its Nasdaq ticker to ‘SBLX’ on August 25, 2025.
This corporate overhaul was announced just a week after the initial revelation of its ambitious $100 million treasury strategy in early August, signaling a decisive pivot into the crypto economy.
For StableX, the selection of BitGo was a deliberate choice centered on institutional-grade security and regulatory compliance. In a statement, the company’s executive chairman, Joshua Silverman, emphasized that the custodian’s regulated status was critical for both risk mitigation and future growth.