Solowin Holdings Expands Middle East Presence with Dubai Operations Center and DIFC License Application
TL;DR
Solowin's Dubai expansion offers investors early access to Middle East markets through streamlined regulatory approvals and established client networks.
Solowin is applying for a DIFC Category 3C asset management license leveraging mutual recognition with Hong Kong for faster regulatory approval.
Solowin's cross-regional digital financial silk road enhances global financial connectivity and supports economic development between Asia and the Middle East.
Solowin launches Dubai operations with a unique mutual recognition framework that could secure regulatory approval in just three months.
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Solowin Holdings (NASDAQ: SWIN), a financial services firm providing solutions across traditional and digital assets, has launched its Dubai Operations Center and initiated the application process for a Category 3C asset management license from the Dubai International Financial Centre (DIFC). This strategic expansion builds on the company's recent collaboration with CITIC Construction in Saudi Arabia and significantly extends its compliant financial services presence in the Middle Eastern market.
The company has also signed a memorandum of understanding with a UAE-based enterprise to accelerate market entry through established client networks, demonstrating Solowin's commitment to leveraging local partnerships for rapid regional growth. The DIFC was specifically chosen for this expansion due to its significant regulatory advantages, including a mutual recognition framework with Hong Kong's Securities and Futures Commission that could potentially streamline the approval process to as little as three months.
CEO Peter Lok emphasized that the new Dubai hub strengthens connectivity between the Middle East and Asia, supporting Solowin's vision for establishing a cross-regional digital financial silk road. This expansion represents a strategic move to capitalize on the growing demand for integrated traditional and digital asset services in the Middle East, particularly following the company's successful operations through its Hong Kong Securities and Futures Commission licensed subsidiaries with full digital asset capabilities.
The Dubai Operations Center will operate within Solowin's robust Web3 Infrastructure Division, utilizing the company's self-developed, vertically integrated, enterprise-grade platform that delivers compliance traditional finance, real-world asset tokenization, and global digital payment solutions. This expansion solidifies Solowin's position as a key player in reshaping global finance through its seamless Web3-to-TradFi ecosystem, which has been developed since the company's founding in 2016.
For investors seeking additional information, the latest news and updates relating to SWIN are available in the company's newsroom at https://ibn.fm/SWIN. The full press release detailing this expansion can be viewed at https://ibn.fm/ijIcP, providing comprehensive details about Solowin's strategic move into the Dubai market and its implications for the company's global growth trajectory.
Curated from InvestorBrandNetwork (IBN)
