Solowin shares rise 11.11% intraday after accelerating expansion into Korea and Japan digital asset markets.

Solowin Holdings (Nasdaq: AXG) surged 11.11% during intraday trading following the announcement of its accelerated expansion into Korea and Japan to grow its compliant digital asset business. The company outlined plans to secure Korean business licenses via partnerships and enhance its Ferion platform’s localization, while advancing AX Coin Japan and AlloyX Japan operations to meet Japan FSA requirements. The initiative targets stablecoin and diversified digital asset services tailored to local compliance standards, reflecting AXG’s globalization strategy. The news reinforced investor confidence in the company’s ability to capitalize on East Asian market opportunities through regulatory alignment and technical expertise, directly correlating with the sharp intraday price increase.