Solowin Holdings, trading on NASDAQ under the symbol AXG, has announced its intention to acquire Gello Finance Ltd. through its wholly owned subsidiary AlloyX (Hong Kong) Limited. This strategic acquisition is designed to secure a Canadian Money Services Business license regulated by the Financial Transactions and Reports Analysis Centre of Canada. Obtaining this license would provide the company with fully compliant access to North American markets, marking a significant step in its global expansion strategy.
Upon completion of the acquisition, the MSB license would authorize AXG to offer a range of regulated financial services in Canada. These services include foreign exchange, cross-border remittance, virtual currency transactions, and payment processing. This move formally establishes the company's entry into North America's mainstream financial and digital asset ecosystems. It also strengthens Solowin's compliance framework across jurisdictions within the Organisation for Economic Co-operation and Development, enhancing its operational credibility on an international scale.
Solowin Holdings is a global financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, the company aims to bridge traditional and decentralized finance by building secure, efficient, and compliant financial infrastructure. It provides integrated digital asset solutions for global investors and institutions. The company leverages its Hong Kong Securities and Futures Commission-licensed subsidiary, Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin.
This acquisition aligns with Solowin's development of a multi-jurisdictional, vertically integrated, enterprise-grade financial platform. The platform encompasses global stablecoin payments, corporate treasury and private wealth management, and tokenization as a service. Backed by leading international institutional investors, the company manages compliant and transparent digital assets that are closely connected to the real economy. Its commitment is to establish itself as a leading global digital asset financial platform, driving the convergence of traditional finance and the digital assets ecosystem.
The expansion into North America through a regulated Canadian MSB license could have significant implications for the digital asset industry. It provides a compliant gateway for services in a major market, potentially increasing competition and innovation in foreign exchange and virtual currency services. For investors and institutions, it offers another regulated entity for digital asset transactions, which may enhance trust and adoption. The move also reflects a growing trend of fintech firms seeking licenses in multiple jurisdictions to operate globally while adhering to local regulations, which is crucial for the maturation of the digital finance sector. Further details about the company are available in its newsroom at https://ibn.fm/AXG.
