Tian Ruixiang Holdings Ltd. (NASDAQ: TIRX) announced on Monday, February 09 2026 that it has entered into a definitive agreement to acquire a fully licensed Australian bank with a total asset base of $200 billion. The deal is structured as a cash‑and‑stock transaction, with TIRX issuing new shares to the bank’s shareholders and paying a portion of the purchase price in cash held on its balance sheet.
In tandem with the bank acquisition, TIRX disclosed a partnership to launch a government‑backed ASEAN stablecoin. The stablecoin will be collateralized by 15,000 BTC, which the company received in a prior strategic equity transaction. The stablecoin is intended to be pegged to a basket of regional fiat currencies and will be deployed across Southeast Asia’s digital economy, leveraging the newly acquired bank’s regulatory license and branch network for fiat‑on/off ramps.
The combined transaction marks a dramatic pivot for TIRX, moving from its historically modest insurance brokerage operations into a diversified financial services model that blends traditional banking, crypto‑asset collateral, and AI‑driven risk management. The acquisition will expand TIRX’s geographic footprint into Australia, provide a substantial balance‑sheet asset base, and create a platform for cross‑border payments and digital‑currency services in the ASEAN region.
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