Solowin Holdings 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 the company 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. Solowin Holdings 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. 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, to bridge traditional and decentralized finance by building a secure, efficient and compliant financial infrastructure.
Backed by leading international institutional investors, the company manages compliant and transparent digital assets that are closely connected to the real economy. The Canadian MSB license acquisition would significantly expand the company's regulatory footprint beyond its existing Hong Kong SFC license, providing a crucial gateway to North American markets where regulatory compliance is increasingly important for digital asset services. The move comes as global financial regulators increase scrutiny of digital asset platforms, making licensed operations essential for sustainable growth in major markets.
By obtaining the Canadian MSB license through this acquisition, Solowin Holdings positions itself to serve North American clients with regulated digital asset solutions while maintaining its commitment to compliance across multiple jurisdictions. The company's latest news and updates are available in the company's newsroom at https://ibn.fm/AXG. This regulatory expansion is particularly significant as it allows the company to operate within a framework that meets stringent North American compliance standards, which is becoming a prerequisite for digital asset service providers seeking to establish credibility and trust in these markets.
The acquisition of Gello Finance Ltd. through AlloyX (Hong Kong) Limited demonstrates a calculated approach to navigating complex regulatory environments. The Canadian MSB license not only authorizes specific financial services but also signals to potential clients and partners that the company adheres to established regulatory protocols. This is crucial for building institutional confidence in digital asset platforms, especially as traditional financial institutions increasingly explore blockchain-based solutions. The company's ability to operate across multiple regulated jurisdictions enhances its value proposition as a bridge between conventional finance and emerging digital asset ecosystems.
