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 regulated by the Financial Transactions and Reports Analysis Centre of Canada. This move would provide fully compliant access to North America markets and advance the Company's global expansion strategy.
Upon completion, the MSB license would authorize AXG to offer regulated foreign exchange, cross-border remittance, virtual currency and payment processing services, formally establishing its entry into North America's mainstream financial and digital asset ecosystems while strengthening its compliance framework across OECD jurisdictions. The acquisition represents a strategic step for the global financial technology firm focused on digital currency payments and asset tokenization.
The importance of this development lies in the formal regulatory approval that would allow Solowin to operate within established North American financial systems. For investors and institutions, this means access to compliant digital asset solutions through a platform that bridges traditional and decentralized finance. The Company has developed a multi-jurisdictional, vertically integrated, enterprise-grade new financial platform encompassing global stablecoin payments, corporate treasury and private wealth management and tokenization as a service.
By obtaining the Canadian MSB license, Solowin would strengthen its compliance framework across OECD jurisdictions, addressing growing regulatory concerns in the digital asset space. This regulatory compliance is particularly significant as governments worldwide increase scrutiny of cryptocurrency and digital payment services. The Company manages compliant and transparent digital assets that are closely connected to the real economy, backed by leading international institutional investors.
The expansion into North America through regulated channels could influence how digital asset platforms approach international growth, potentially setting a precedent for compliance-focused market entry strategies. For the broader industry, this move demonstrates the increasing convergence between traditional financial services and digital asset ecosystems, with regulated entities seeking to establish formal presence in major markets. The latest news and updates relating to AXG are available in the company's newsroom at https://ibn.fm/AXG.
This strategic acquisition positions Solowin to compete in North America's financial services sector while maintaining the compliance standards required by international regulators. The development reflects the ongoing evolution of digital asset platforms seeking legitimacy within established financial systems, potentially influencing how similar companies approach global expansion in an increasingly regulated environment.
