Solowin Holdings Plans to Acquire U.S. Licensed Bank for Global Expansion

Solowin Holdings plans to acquire a US-licensed bank to accelerate its global financial expansion. The company, primarily engaged in securities brokerage, aims to expand its services and offer asset management, investment advisory, and other services globally. The acquisition will enable Solowin to tap into new markets and customers, strengthening its position in the financial services industry.

Solowin Holdings, a leading global financial services firm, has announced plans to acquire a U.S.-licensed bank through an affiliate. The acquisition aims to accelerate the company's global financial expansion and enhance its service offerings. This strategic move is expected to significantly strengthen Solowin's position in the financial services industry by providing access to new markets and customers.

The acquisition, structured as a "clean-charter" transaction, involves removing all legacy assets and liabilities before closing. This approach allows Solowin to obtain a fully regulated, blank-slate banking platform without inheriting historical risks. The acquisition is anticipated to enhance three core business pillars: Global Payment Infrastructure, Real-World Asset (RWA) Ecosystem, and Asset Management.

The U.S. banking license will enable Solowin to offer comprehensive international banking services, including deposit-taking, lending, and payment processing, within a highly favorable U.S. tax regime. This strategic move is expected to provide Solowin with critical competitive advantages, such as direct access to the U.S. dollar clearing system and enhanced regulatory credibility for tokenization initiatives.

The acquisition remains subject to the execution of a definitive agreement and regulatory approvals. While promising, significant hurdles remain before completion, including intensive regulatory scrutiny, particularly when involving foreign acquirers and digital asset activities.

About Solowin Holdings

Solowin Holdings (NASDAQ: SWIN) is a leading global financial services firm operating in both traditional and Web3 industries. Founded in 2016, it has established a unique, full-spectrum ecosystem that bridges traditional and decentralized finance. Leveraging its Hong Kong Securities and Futures Commission (SFC) licensed subsidiaries with full digital asset capabilities, the company operates a robust Web3 Infrastructure division. Through its self-developed, vertically integrated, enterprise-grade platform, Solowin delivers compliant traditional finance (TradFi), real-world asset (RWA) tokenization, and global digital payment solutions.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.

References

[1] https://www.morningstar.com/news/globe-newswire/9521903/solowin-holdings-announces-intent-to-acquire-us-licensed-bank-to-accelerate-global-financial-expansion
[2] https://www.stocktitan.net/news/SWIN/solowin-holdings-announces-intent-to-acquire-u-s-licensed-bank-to-marj6iq97gcw.html