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 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. 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 relating to AXG are available in the company's newsroom at https://ibn.fm/AXG. This acquisition enables the company to operate within a regulated framework that meets the stringent requirements of North American financial authorities, which is particularly significant as digital asset services face increasing regulatory oversight worldwide. The Canadian license provides a foundation for expanding services that include foreign exchange, cross-border payments, and virtual currency transactions while adhering to anti-money laundering and counter-terrorism financing regulations.
The strategic importance of this move lies in positioning Solowin Holdings as a compliant player in the rapidly evolving digital asset landscape, where regulatory approval is becoming a key differentiator for financial technology companies seeking to operate across international borders. This expansion into North America through a regulated entity allows the company to tap into one of the world's largest financial markets while building trust with institutional and retail clients who prioritize regulatory compliance. The acquisition reflects a broader trend in the financial technology sector where companies are proactively seeking regulatory licenses to ensure long-term viability and market access in jurisdictions with mature financial regulatory frameworks.
