Solowin announces intention to acquire Gello Finance

Solowin (AXG) announced its intention to acquire Gello Finance through its wholly owned subsidiary AlloyX to obtain a Canadian Money Services Business license. The completion of this movement would grant the Company a fully compliant access to North America markets and represent a key pillar of its global expansion strategy. Registered under the regulatory framework of the Financial Transactions and Reports Analysis Centre of Canada, the MSB license would authorize AXG to legally conduct a broad range of financial services in the region, including foreign exchange transactions, cross-border remittances, virtual currency services, and payment processing. Dr. Thomas Zhu, Director of AXG and CEO of AlloyX, commented: “Securing this registration will underscore AXG’s commitment to meeting the rigorous compliance standards of major global economies, including Organization for Economic Co-operation and Development jurisdictions. This strategic foothold will provide the essential legal infrastructure to facilitate seamless fiat and cryptocurrency conversions for our North American clients. It will significantly enhance our service capabilities and expand our market potential within the global digital finance landscape.”