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Solowin Holdings - $SWIN STOCK NEWS

Welcome to our dedicated page for Solowin Holdings news (Ticker: $SWIN), a resource for investors and traders seeking the latest updates and insights on Solowin Holdings stock.

Solowin Holdings (NASDAQ: SWIN) is a dynamic securities brokerage firm based in Hong Kong, strategically focused on high-net-worth investors globally. Through its advanced and secure one-stop electronic platform, Solomon Win, the company offers a comprehensive range of products and services, including securities brokerage, investment advisory, asset management, and virtual assets. Solowin Holdings is renowned for its innovative financial solutions, catering to both individual and corporate clients.

Founded in 2021, Solowin Holdings has rapidly grown, distinguishing itself through its main subsidiary, Solomon JFZ (Asia) Holdings Limited, which is licensed by the Hong Kong Securities and Futures Commission. This licensing enables the company to provide unparalleled one-stop financial solutions, enhancing the quality and range of its offerings.

Recent achievements include a successful initial public offering (IPO) on September 8, 2023, raising US$8.0 million, and strategic expansion into private wealth management with the formation of Solomon Private Wealth Limited. The company's financial performance has been impressive, with a remarkable 126.4% year-on-year revenue growth for the first six months of fiscal year 2024, reaching $2.64 million and a significant increase in net income to $1.25 million.

Solowin Holdings continues to innovate and expand its services in response to market demands, maintaining a strong commitment to delivering secure, high-quality financial solutions. The company's robust platform and diversified service offerings position it as a leading player in the securities brokerage industry, driving growth and value for its stakeholders.

The company will participate in The Microcap Conference at Caesars Atlantic City Hotel & Casino from January 30 to February 1, 2024, where CEO Thomas Tam will present and engage in one-on-one meetings. This event underscores Solowin Holdings' commitment to transparency and investor engagement.

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Solowin Holdings (Nasdaq: SWIN) announced a strategic partnership with MaiCapital to expand virtual asset allocation opportunities. Solowin acquired a 2.47% equity stake in BA Fintech Lab, the parent company of MaiCapital. This partnership aims to leverage combined resources and licenses to meet growing investor demand for virtual assets. Solowin will utilize MaiCapital's expertise in managing 100% virtual asset funds, complementing Solowin's licensing for trading virtual assets. CEO Thomas Tam emphasized the significance of this collaboration in the context of Hong Kong's evolving virtual asset market, highlighting the approval of the first spot virtual asset ETFs and Solowin's role in facilitating ETF processes.

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SOLOWIN HOLDINGS strengthened its partnership with OSL to facilitate Hong Kong’s innovative spot virtual asset ETFs through in-kind subscription and redemption. Solomon, a subsidiary of SOLOWIN, is the first SFC-approved participating dealer for this process in Hong Kong. This collaboration aims to enhance liquidity and accessibility for digital asset investments.

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SOLOWIN HOLDINGS selected as a key participating dealer for Harvest Global’s first spot Bitcoin and Ethereum ETF in Hong Kong. The company's operating subsidiary, Solomon JFZ (Asia) Holdings , will play a important role in offering the ETF to investors. The approval marks a regulatory milestone for Hong Kong, positioning it as a global virtual asset hub.
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Solowin Holdings (SWIN) reports a 126.4% year-over-year revenue increase to $2.64 million for the first six months of fiscal year 2024. Net income also rose significantly to $1.25 million, showcasing enhanced profitability. The company attributes its success to innovative product offerings, a diverse client base, and a focus on customer service.
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SOLOWIN Holdings (SWIN) expands into Private Wealth Management business in Hong Kong through Solomon Private Wealth Limited, targeting high-net-worth individuals and family offices with a comprehensive suite of services.
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Solowin Holdings (SWIN) recently showcased its virtual asset business at two major investment conferences, highlighting the successful approval from the Securities and Futures Commission of Hong Kong to provide virtual asset dealing services. The company aims to expand its business scope to include both traditional securities dealing and virtual asset trading services, emphasizing the importance of safety and regulation in the trading process.
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SOLOWIN HOLDINGS (Nasdaq: SWIN) announced its participation in the Sequire Investor Summit and The Microcap Conference to present its vision for integrated financial services infrastructure for next-generation investors. The events will take place from January 23 to 25, 2024, in San Juan, Puerto Rico, and from January 30 to February 1, 2024, in Atlantic City, New Jersey.
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SOLOWIN HOLDINGS (NASDAQ: SWIN) to participate in The Microcap Conference on January 30, 31, and February 1, 2024 at Caesars Atlantic City Hotel & Casino. Thomas Tam, CEO, will be presenting on January 31 & February 1, 2024. Interested parties can register to attend. Members of the management team will also be conducting one-on-one meetings.
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Solowin Holdings closes IPO, raising $8.0 million at $4.00 per share
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Solowin Holdings announces pricing of IPO at $4.00 per share, expects to receive $8.0 million in gross proceeds.
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FAQ

What services does Solowin Holdings offer?

Solowin Holdings provides securities brokerage, investment advisory, asset management, and virtual asset services through its advanced electronic platform, Solomon Win.

Where is Solowin Holdings based?

Solowin Holdings is based in Hong Kong.

Who is the CEO of Solowin Holdings?

The CEO of Solowin Holdings is Thomas Tam.

What recent achievements has Solowin Holdings reported?

Recent achievements include a successful IPO raising US$8.0 million, and a significant 126.4% year-on-year revenue growth for the first six months of fiscal year 2024.

What is the ticker symbol for Solowin Holdings?

The ticker symbol for Solowin Holdings is SWIN.

What is Solomon JFZ (Asia) Holdings Limited?

Solomon JFZ (Asia) Holdings Limited is a subsidiary of Solowin Holdings, licensed by the Hong Kong Securities and Futures Commission to provide comprehensive financial solutions.

What are Solowin Holdings' plans for future growth?

Solowin Holdings plans to continue expanding its service offerings, including private wealth management, and innovating its product range to cater to diverse client needs.

How did Solowin Holdings perform financially in the first six months of fiscal year 2024?

Solowin Holdings reported a revenue increase of 126.4% to $2.64 million and a net income increase to $1.25 million for the first six months of fiscal year 2024.

What event will Solowin Holdings participate in January 2024?

Solowin Holdings will participate in The Microcap Conference at Caesars Atlantic City Hotel & Casino from January 30 to February 1, 2024.

How can investors get more information about Solowin Holdings?

For more information, investors can visit Solowin Holdings' website at http://ir.solomonwin.com.hk or contact their investor relations department via email at ir@solomonwin.com.hk.

Solowin Holdings

Nasdaq:SWIN

SWIN Rankings

SWIN Stock Data

64.88M
2.00M
85.71%
0.06%
0.87%
Investment Banking and Securities Dealing
Finance and Insurance
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United States of America
Tsim Sha Tsui