Solowin shares surge 14.39% intraday after acquiring Gello Finance for Canadian MSB license expansion.

Solowin Holdings surged 14.39% intraday after announcing its acquisition of Gello Finance to obtain a Canadian MSB license. The move, which positions the company to expand its digital asset solutions in regulated markets, aligns with its strategy to bridge traditional and decentralized finance. The acquisition, valued at $786.69 million, underscores investor confidence in Solowin's growth prospects in the global fintech sector.