ALPS/Dorsey Wright Sector Momentum ETF Stock Price, News & Analysis

Solowin Holdings (NASDAQ:SWIN) has announced a strategic acquisition of 19% equity stake in GPL Remittance Pte. Ltd., a Singapore-based cross-border payment institution. GPL holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and brings over 30 years of operational expertise.

The acquisition represents a significant step in Solowin's global expansion strategy, particularly strengthening its licensed payment infrastructure in Singapore and internationally. The MPI license, Singapore's most comprehensive payment authorization, enables both traditional and innovative payment services while maintaining strict regulatory compliance.

SOLOWIN (NASDAQ: SWIN) has announced its ambitious target to reach US$1 billion in assets under management (AUM) for its USD Money Market Real Yield Token (RYT) by the end of 2025. The RYT, launched on April 15, 2025, is offered through its subsidiary Solomon JFZ (Asia) Holdings in partnership with Standard Chartered, China Asset Management (HK), Libeara, and AlloyX.

The initiative is supported by strategic partnerships with Polygon, Arbitrum, Solana, and Kucoin to ensure daily liquidity and cross-blockchain interoperability. The product aims to bridge traditional finance with Web3 infrastructure while maintaining regulatory compliance for institutional investors.

SOLOWIN Holdings (NASDAQ: SWIN) has announced a strategic partnership with Singapore-based Antalpha to launch a joint Bitcoin quantitative fund targeting US$100 million in assets under management. The fund will utilize algorithmic trading strategies focused on Bitcoin investments.

SOLOWIN, through its regulated subsidiary Solomon JFZ (Asia) Holdings Limited, provides comprehensive financial services including corporate finance, wealth management, and Web3 solutions. Their Solomon VA+ platform uniquely integrates traditional and virtual asset trading. Antalpha, a leading fintech company and primary lending partner of Bitmain, specializes in Bitcoin supply chain and margin loans through its Antalpha Prime platform.

SOLOWIN Holdings (NASDAQ: SWIN) announced that its subsidiary Solomon JFZ has achieved $100 million in transaction volume for its coin-in and coin-out services. The milestone follows Solomon's recent licensing from the Hong Kong Securities and Futures Commission (SFC), positioning the company in Hong Kong's growing virtual asset market.

The company's platform features robust security measures including multi-layer custody technology, comprehensive AML/KYC compliance, and strict operational oversight. SOLOWIN plans to expand its services through partnerships with stablecoin issuers, institutional staking products, and real-world asset tokenization initiatives.

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.