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FAQ: Solowin Holdings' Acquisition for Canadian MSB License and North America Expansion
TL;DR
Solowin Holdings acquires Gello Finance to gain a Canadian MSB license, providing a competitive edge for regulated access to North America's financial and digital asset markets.
The acquisition involves Solowin's subsidiary AlloyX obtaining a Canadian MSB license from FINTRAC, enabling regulated forex, remittance, virtual currency, and payment services in North America.
This move strengthens Solowin's global compliance framework, promoting secure and efficient financial infrastructure that bridges traditional and decentralized finance for investors worldwide.
Solowin Holdings, a NASDAQ-listed fintech firm, is expanding into North America through this acquisition to offer regulated digital asset services across OECD jurisdictions.
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Solowin Holdings (NASDAQ: AXG) announced its intention to acquire Gello Finance Ltd. through its wholly owned subsidiary AlloyX (Hong Kong) Limited to obtain a Canadian Money Services Business license, which would provide compliant access to North America markets.
This acquisition would advance the company's global expansion strategy by establishing its entry into North America's mainstream financial and digital asset ecosystems while strengthening its compliance framework across OECD jurisdictions.
Upon completion, the MSB license would authorize AXG to offer regulated foreign exchange, cross-border remittance, virtual currency, and payment processing services in North America.
The company plans to acquire Gello Finance Ltd. through its wholly owned subsidiary AlloyX (Hong Kong) Limited to obtain the Canadian MSB license.
Solowin Holdings (NASDAQ: AXG) is a global financial technology firm focused on digital currency payments and asset tokenization, founded in 2016, that bridges traditional and decentralized finance through a secure, efficient, and compliant financial infrastructure.
The Canadian Money Services Business license is regulated by the Financial Transactions and Reports Analysis Centre of Canada, and the company already operates through its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited.
This move would formally establish Solowin's entry into North America's mainstream financial and digital asset ecosystems while strengthening its multi-jurisdictional, vertically integrated platform that includes global stablecoin payments, corporate treasury, private wealth management, and tokenization services.
The latest news and updates relating to AXG are available in the company's newsroom at https://ibn.fm/AXG, and the full press release can be viewed at https://ibn.fm/MPLuX.
Curated from InvestorBrandNetwork (IBN)
