SOLOWIN HOLDINGS Acquires Canadian MSB License, Securing Compliant Access to North American Markets

Core Viewpoint - SOLOWIN HOLDINGS (NASDAQ: AXG) intends to acquire Gello Finance Ltd. through its subsidiary AlloyX to obtain a Canadian Money Services Business (MSB) license, facilitating its entry into North American markets and supporting its global expansion strategy [1][2]. Group 1: Acquisition and Licensing - The acquisition of Gello Finance Ltd. will enable AXG to secure a Canadian MSB license, allowing the company to conduct various financial services in North America, including foreign exchange transactions and virtual currency services [1][2]. - The MSB license will formally establish AXG's presence in North America's regulated financial and digital asset ecosystems, enhancing its service offerings [2]. Group 2: Strategic Importance - Dr. Thomas Zhu, Director of AXG, emphasized that obtaining the MSB license demonstrates the company's commitment to compliance with global standards, particularly in OECD jurisdictions, and will enhance its capabilities in facilitating fiat and cryptocurrency conversions [3]. - This strategic foothold is expected to significantly expand AXG's market potential within the global digital finance landscape [3]. Group 3: Company Overview - SOLOWIN HOLDINGS is a leading financial technology firm focused on bridging traditional and decentralized finance, providing integrated digital asset solutions for global investors and institutions [4]. - The company operates through various subsidiaries, including AlloyX and Solomon JFZ (Asia) Holdings Limited, and aims to establish itself as a prominent global digital asset financial platform [4].