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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.
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.
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