SOLOWIN Expands Virtual Asset Services with Key License and Reports Significant Transactional Volume Growth

Core Insights - Solowin Holdings has achieved a total transaction volume of $100 million through its subsidiary Solomon since launching coin-in and coin-out services, highlighting its strategic licensing from the Hong Kong Securities and Futures Commission (SFC) as the virtual asset market grows [1][2] Company Overview - Solowin Holdings is a financial services firm that provides solutions across traditional and digital assets, established in 2016, and operates under a comprehensive ecosystem that integrates traditional finance and decentralized finance [4] Licensing and Compliance - The upgraded licensing allows Solowin to offer regulated coin-in/coin-out services, ensuring secure connections between fiat and digital asset ecosystems while complying with Hong Kong's regulatory standards [2] - Solomon's wealth management platform adheres to SFC's requirements, including asset custody standards, AML and KYC compliance, and operational oversight to maintain market integrity [2] Strategic Positioning - The company is positioned to leverage Hong Kong's developing regulatory framework for virtual assets, aiming to provide institutional investors with secure digital asset on-ramps [3] - Future initiatives include expanding into real-world asset (RWA) tokenization and institutional-grade decentralized finance (DeFi) solutions [3] Growth Initiatives - Solowin plans to deepen partnerships with global stablecoin issuers to enhance cross-border payment solutions and support the tokenized asset ecosystem [6] - The company is exploring the launch of institutional staking products and regulated yield-generating strategies to meet institutional demand for compliant digital asset returns [6]