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Solowin Holdings Achieves $100 Million in Transaction Volume for Licensed Digital Asset Services

By Burstable Editorial Team

TL;DR

Solowin's subsidiary Solomon achieves a $100M transaction milestone, offering a competitive edge in regulated fiat-to-digital asset services in Hong Kong.

Solomon's platform adheres to Hong Kong's strict compliance standards, ensuring secure asset custody, AML/KYC, and market integrity with cold storage solutions.

Solowin's expansion into digital asset services fosters financial innovation, enhancing global investment opportunities and supporting the next generation of investors.

Discover how Solowin is pioneering the integration of traditional and virtual asset trading with its Solomon VA+ app in Hong Kong.

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Solowin Holdings Achieves $100 Million in Transaction Volume for Licensed Digital Asset Services

Solowin Holdings (NASDAQ: SWIN), a financial services company that bridges the gap between traditional and digital assets, has announced a significant achievement by its wholly owned subsidiary, Solomon JFZ (Asia) Holdings Limited. Solomon has successfully processed $100 million in total transaction volume since the launch of its licensed coin-in and coin-out services in Hong Kong. This milestone underscores the growing acceptance and integration of digital assets within the regulated financial sector.

The achievement follows Solomon's recent licensing by the Hong Kong Securities and Futures Commission, which allows the company to offer regulated fiat-to-digital asset services under Hong Kong's strict compliance standards. Solomon's platform adheres to rigorous requirements for asset custody, anti-money laundering (AML), know your customer (KYC) protocols, and market integrity, with the majority of client assets held in cold storage for enhanced security.

With this first-mover advantage, Solowin is poised to expand its services further. The company plans to strengthen partnerships with global stablecoin issuers, explore institutional staking products, and venture into real-world asset tokenization and institutional-grade decentralized finance (DeFi) solutions. These initiatives are expected to contribute significantly to the evolution of the financial services industry, offering investors more diversified and secure options for managing both traditional and digital assets.

For more information on Solowin Holdings and its innovative financial solutions, visit https://solowin.io. Additional updates and news regarding SWIN can be found in the company's newsroom at https://ibn.fm/SWIN.

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Burstable Editorial Team

Burstable Editorial Team

@burstable

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