Solowin Holdings says in advanced talks to buy U.S.-licensed banking institution

Solowin Holdings (SWIN) announced that it is in the advanced stages of negotiating the proposed acquisition of a U.S.-licensed financial institution through a designated affiliate. The license would allow Solowin to offer a comprehensive suite of international banking services, including deposit-taking, lending, and payment processing for global clients, all within a highly favorable U.S. tax regime. The proposed transaction is structured as a “clean-charter” acquisition, with all legacy assets and liabilities removed before closing, thereby providing Solowin with a fully regulated, blank-slate banking platform. The completion of the acquisition remains subject to execution of a definitive agreement and regulatory approvals. Peter Lok, chairman and CEO of Solowin, said: “The potential acquisition of a U.S.-licensed banking institution would be a game-changer for Solowin. It represents the next logical step in our global compliance puzzle. This clean-charter opportunity would provide us with the ultimate strategic flexibility to innovate, scale our fiat-based services, and deliver unparalleled value to our clients worldwide. We are not just acquiring a bank; we are laying a foundational pillar for the future of digital finance.”