SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its indirect wholly owned subsidiary, Gello Finance Ltd., has signed a financial and technology services agreement with ATTRUS US LLC to jointly develop liquidity services, cross-border payment networks and stablecoin fiat on/off-ramp capabilities across Latin America, initially targeting Mexico and Brazil. Under the agreement, Gello Finance will integrate its blockchain technology, AI-driven payment routing infrastructure and dual-token digital ecosystem with ATTRUS’s established local financial networks and fiat settlement channels.
SOLOWIN Holdings (NASDAQ: AXG) said the collaboration will focus on reducing friction in cross-border payments, developing stablecoin conversion services for regional users and businesses and advancing digital financial infrastructure for sectors including embedded finance, cross-border e-commerce and Web3. The company said the agreement supports its global expansion strategy following progress in the Asia-Pacific and Middle East regions, with technical integration and product deployment already underway for future Latin American service launches. To view the full press release, visit https://ibn.fm/prEL2.
This partnership is significant as it positions SOLOWIN to tap into Latin America's growing demand for digital payment solutions, where high remittance volumes and underbanked populations present substantial opportunities. By combining Gello Finance's technological capabilities with ATTRUS's local expertise, the initiative aims to streamline cross-border transactions and promote stablecoin adoption, potentially reducing costs and settlement times for businesses and consumers in the region. The move follows SOLOWIN's expansion in the Asia-Pacific and Middle East, indicating a coherent global strategy to leverage its dual-token ecosystem across multiple markets.
For more information about SOLOWIN HOLDINGS, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com. The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG.
