SOLOWIN HOLDINGS Acquires Canadian MSB License, Securing Compliant Access to North American Markets
Rhea-AI Summary
SOLOWIN HOLDINGS (NASDAQ: AXG) announced on January 13, 2026 its intention for subsidiary AlloyX to acquire Gello Finance Ltd. to obtain a Canadian Money Services Business (MSB) license registered with FINTRAC. The company says the MSB license would permit AXG to offer foreign exchange, cross-border remittances, virtual currency services, and payment processing in Canada, creating a compliant entry point into North American regulated financial and digital-asset markets.
The move is described as a strategic pillar of AXG’s global expansion to provide legal infrastructure for fiat–cryptocurrency conversions and to expand service capabilities for North American clients.
Positive
- Regulatory access to Canada via FINTRAC-registered MSB license
- Service expansion to include FX, remittances, virtual currency, payment processing
- North American market entry as strategic pillar for global expansion
Negative
- Transaction not completed; company announced an intention to acquire Gello Finance
- License contingent on completion and regulatory registration rather than already granted
News Market Reaction
On the day this news was published, AXG gained 2.50%, reflecting a moderate positive market reaction. Argus tracked a peak move of +8.5% during that session. Our momentum scanner triggered 26 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $22M to the company's valuation, bringing the market cap to $884M at that time.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 14 | Regulatory pilot selection | Positive | +5.3% | Chosen by HKMA as pilot participant for tokenized deposits and funds. |
| Nov 12 | RegTech JV announcement | Positive | -8.4% | Announced AI + blockchain compliance joint venture targeting global regulators. |
| Oct 24 | Ticker change milestone | Positive | +9.6% | Rang Nasdaq bell under new ticker, outlining Web3 Super App strategy. |
Positive strategic and blockchain-related announcements have often seen favorable price reactions, though one notable divergence occurred.
Over the last few months, AXG has reported several strategic milestones. On Oct 24, 2025, a Nasdaq bell-ringing under the new ticker and Web3 strategy shift saw a 9.57% gain. On Nov 12, 2025, a RegTech joint venture with 4Paradigm led to an 8.38% decline despite constructive positioning. On Nov 14, 2025, selection as an HKMA Project Ensemble pioneer produced a 5.29% rise. Today’s North American MSB license acquisition plan fits this pattern of expanding compliant digital finance infrastructure.
Market Pulse Summary
This announcement outlines AXG’s plan to acquire a Canadian MSB license via Gello Finance, giving compliant access to North American markets under FINTRAC oversight. It extends the company’s recent focus on regulated digital finance, following its HKMA pilot selection and Web3 strategy shift. Investors may watch for closing of the acquisition, specifics of services like virtual currency and payment processing, and how this new foothold integrates with prior AI and blockchain compliance initiatives.
Key Terms
money services business (msb) license regulatory
fintrac regulatory
virtual currency services technical
payment processing technical
organization for economic co-operation and development (oecd) regulatory
fiat financial
cryptocurrency technical
AI-generated analysis. Not financial advice.
Hong Kong, Jan. 13, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: AXG) (“AXG” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced its intention to acquire Gello Finance Ltd., through its wholly owned subsidiary AlloyX (Hong Kong) Limited (“AlloyX”) to obtain a Canadian Money Services Business (MSB) 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 (FINTRAC), 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. The license would formally establish AXG’s entry into North America’s regulated mainstream financial and digital asset ecosystems.
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 (OECD) 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.”
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (NASDAQ: AXG) is a global leading financial technology firm focused on digital currency payments and asset tokenization. Founded in 2016, it has dedicated to bridging traditional and decentralized finance by building a secure, efficient and compliant financial infrastructure that provides integrated digital asset solutions for global investors and institutions. Leveraging its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with other key subsidiaries such as AlloyX Group and AX Coin, the Company 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. Backed by leading international institutional investors, the Company manages compliant and transparent digital assets that are closely connected to the real economy. The Company is committed to establishing itself as a leading global digital asset financial platform, driving the seamless convergence of traditional finance and the digital assets ecosystem.
For more information, visit the Company’s website at https://www.alloyx.com or investor relations webpage at https://ir.alloyx.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC”) including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solomonwin.com.hk
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
What did SOLOWIN HOLDINGS (AXG) announce on January 13, 2026 about Gello Finance?
How would the Canadian MSB license affect AXG (AXG) services?
Does the January 13, 2026 announcement mean AXG (AXG) has legal approval to operate in North America now?
Why is the MSB license important for SOLOWIN HOLDINGS (AXG)?
Which AXG subsidiary is handling the planned acquisition of Gello Finance?
