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 (SWIN), a Hong Kong-based securities brokerage, provides investors with critical updates through this centralized news hub. Track official announcements covering earnings reports, strategic partnerships, regulatory developments, and service expansions related to its integrated financial platform.
This resource offers stakeholders timely access to verified information about SWIN's investment advisory services, asset management operations, and FinTech innovations. Users will find press releases detailing market entries, corporate consultancy projects, and enhancements to its secure digital trading ecosystem.
Key updates include disclosures on securities brokerage activities, compliance milestones, and client-focused initiatives for high-net-worth investors. Bookmark this page for efficient monitoring of Solowin Holdings' evolving role in Asia's financial services sector.
SOLOWIN HOLDINGS (Nasdaq: SWIN) has announced a strategic investment in AlloyX 's Pre-A funding round through its subsidiary Solomon JFZ (Asia) Holdings The funding round secured US$10 million with participation from multiple partners including Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS.
AlloyX, an Asia-based stablecoin infrastructure firm, plans to use the funds to expand operations in the UAE, ASEAN, and Africa. The investment aligns with recent developments in the stablecoin payments space, including Stripe's $1.1 billion acquisition of Bridge and BVNK's $50 million Series B funding round at a $750 million valuation.
SOLOWIN HOLDINGS (NASDAQ: SWIN) reported unaudited financial results for H1 FY2025 ended September 30, 2024, showing significant declines. Revenue decreased 60% to $1.06 million from $2.64 million year-over-year, primarily due to reduced investment advisory fees. The company reported a loss per share of $0.39 compared to earnings of $0.10 in the same period last year.
Expenses increased substantially to $7.35 million from $1.30 million, mainly due to higher general and administrative costs, marketing expenses, and employee benefits. Notable developments include SOLOWIN's selection for the HKMA's Project Ensemble Sandbox and new partnerships with Web3 industry players. The company's cash position improved to $2.46 million as of September 30, 2024, from $2.14 million as of March 31, 2024.
SOLOWIN Holdings (NASDAQ: SWIN) has joined a consortium of financial institutions to participate in the Hong Kong Monetary Authority's (HKMA) Project Ensemble Sandbox. The project, launched in August 2024, focuses on exploring 'Fixed Income and Investment Funds' use cases for tokenized currencies and assets.
The company will collaborate with China AMC (HK), HSBC, Hang Seng Bank, OSL exchanges, and Fosun Wealth Holdings in this initiative. The sandbox trial aims to contribute to Hong Kong's development as a global hub for tokenized deposits and assets, focusing on wholesale central bank digital currency (wCBDC) applications.
SOLOWIN Holdings (Nasdaq: SWIN) has announced a strategic partnership with Horizon Trading Solutions to integrate advanced algorithmic technology and order management systems into Solomon JFZ's institutional trading platform. The integration covers both equities and recently launched spot virtual asset ETFs. Horizon provides 24/5 support, advanced colocation infrastructure, and real-time latency monitoring for Hong Kong Stock Exchange operations. Solomon JFZ, as a key participating dealer for virtual asset spot ETFs, has become Hong Kong's largest holder of client assets in various spot virtual asset ETFs.
SOLOWIN Holdings (Nasdaq: SWIN) has announced a strategic partnership with Zodia Custody, a digital asset custodian backed by Standard Chartered. The collaboration aims to provide secure, bank-grade custody services for SOLOWIN's clients in Hong Kong. Zodia Custody, recently selected by NASDAQ as a core custodian for its crypto indexes, will be one of several custody providers available to SOLOWIN's clients, offering enhanced security and compliance features. The partnership will explore opportunities to combine resources and regulatory frameworks to meet growing investor demand in the region, subject to regulatory approvals.
SOLOWIN HOLDINGS (Nasdaq: SWIN), a securities brokerage company focusing on Chinese investors globally, has announced the publication of a new equity research report by Diamond Equity Research. The independent research report aims to increase SOLOWIN's visibility and exposure within the investment community. Diamond Equity Research is an issuer-sponsored research firm specializing in small-cap companies.
SOLOWIN Holdings (Nasdaq: SWIN) has announced that its subsidiary, Solomon JFZ (Asia) Holdings , has become the largest holder of customer assets in several prominent virtual asset ETFs in Hong Kong. Specifically, Solomon holds significant positions in ChinaAMC Bitcoin ETF (HKEX: 9042, 3042), ChinaAMC Ethereum ETF (HKEX: 9046, 3046), and Harvest Bitcoin Spot ETF (HKEX: 3439). As a key participating dealer for these ETFs, Solomon facilitates in-kind subscription and redemption processes, showcasing its regulatory expertise and commitment to compliance. This positions SOLOWIN as a leader in the virtual asset market in Hong Kong, attracting a diverse range of investors and enhancing the city’s status as a global hub for virtual assets.
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.
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.
