Solowin Holdings Plans Acquisition to Obtain Canadian MSB License for North American Expansion

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 milestone for Solowin Holdings as it seeks to bridge traditional and decentralized finance through secure, efficient, and compliant financial infrastructure. 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, the Company would expand its regulatory footprint beyond its existing Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, creating a more robust global compliance framework.

This expansion into North America's regulated financial markets is significant because it positions Solowin Holdings to serve global investors and institutions seeking compliant digital asset solutions. The Canadian MSB license would enable the Company to operate within established regulatory parameters while accessing one of the world's largest financial markets. This development comes as digital asset platforms face increasing regulatory scrutiny worldwide, making compliance a critical competitive advantage. The Company's focus on building compliant and transparent digital assets that are closely connected to the real economy aligns with growing institutional demand for regulated digital asset services.

The planned acquisition through AlloyX (Hong Kong) Limited demonstrates Solowin Holdings' methodical approach to global expansion, prioritizing regulatory compliance as a foundation for market entry. The Company's strategy involves leveraging its existing subsidiaries, including AlloyX Group and AX Coin, to create an integrated financial platform that spans multiple jurisdictions. This expansion into North America represents a logical progression for a company that has positioned itself as a global financial technology firm focused on digital currency payments and asset tokenization since its founding in 2016. The move strengthens the Company's position in the evolving digital assets ecosystem while addressing the compliance requirements of institutional investors and regulators across major financial markets.