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SOLOWIN Launches Dubai Operations Center, Accelerating Expansion in UAE Market Following Saudi Layout
Globenewswire· 2025-08-22 12:30
Core Insights - Solowin Holdings has officially launched its Dubai Operations Center and is applying for a Category 3C asset management license from the Dubai International Financial Centre (DIFC) [1][2] - The company has entered a strategic collaboration with CITIC Construction to develop financial technology infrastructure in Saudi Arabia, indicating its commitment to expanding compliant financial services in the Middle East [1][2] - Solowin has signed a memorandum of understanding (MOU) with a local UAE enterprise to enhance its penetration into the local financial services market [2] Company Expansion - The Dubai Operations Center is positioned as a key component of Solowin's global compliance network, aiming to integrate Saudi-based infrastructure resources [3] - The initial services will focus on institutional clients seeking Sharia-compliant products, including structured products supported by real-world assets (RWA) [3] - The selection of DIFC as the Middle Eastern hub is due to its regulatory advantages, particularly the mutual recognition framework with Hong Kong's Securities and Futures Commission (SFC) [2] Strategic Positioning - Solowin aims to strengthen capital and asset connectivity between the Middle East and Asia, providing regional investors with access to compliant digital asset management and tokenized products [2] - The company operates a full-spectrum ecosystem that bridges traditional and decentralized finance, leveraging its existing global regulatory licenses [4] - Solowin's services include compliant traditional finance (TradFi), real-world asset (RWA) tokenization, and global digital payment solutions, reinforcing its role in reshaping global finance [4]
Solowin Acquires Stake in Singapore MPI-Licensed Firm to Accelerate Global Payment Network Expansion
Globenewswire· 2025-08-19 13:00
Core Insights - Solowin Holdings has entered into an equity purchase agreement to acquire 19% of GPL Remittance Pte. Ltd., enhancing its digital payment infrastructure [1][2] - The acquisition of GPL, which holds a Major Payment Institution license from the Monetary Authority of Singapore, is expected to strengthen Solowin's compliance and market competitiveness in the region [2] Company Overview - Solowin Holdings is a global financial services firm established in 2016, operating in both traditional finance and the Web3 industry [3] - The company offers a full-spectrum ecosystem that integrates traditional and decentralized finance, leveraging its licensed subsidiaries for digital asset capabilities [3] Strategic Importance - The MPI license held by GPL allows for comprehensive payment services, enabling Solowin to scale globally and integrate digital and fiat services [2] - This investment is seen as a strategic asset that will support Solowin's growth and collaboration with global partners in the cross-border payment and digital financial ecosystem [2]