
Solowin Holdings Acquires Gello Finance to Secure Canadian MSB License

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Solowin Holdings (NASDAQ: AXG) is set to acquire Gello Finance Ltd. through its subsidiary AlloyX (Hong Kong) Limited to secure a Canadian Money Services Business (MSB) license. This acquisition will enable AXG to provide various financial services in North America, including foreign exchange and virtual currency services. Dr. Thomas Zhu, CEO of AlloyX, emphasized that this move is crucial for facilitating fiat and cryptocurrency conversions for clients in North America, aligning with the company's global expansion strategy.
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