Solowin Holdings (NASDAQ: AXG) has expanded its global footprint through a strategic partnership with ATTRUS, a provider of cross-border payment and liquidity solutions. The company's indirect wholly-owned subsidiary, Gello Finance, signed a financial and technological services agreement with ATTRUS to develop an ecosystem encompassing liquidity services, cross-border payment networks, and stablecoin fiat on/off-ramp services in Latin America. The initial strategic focus will be on Mexico and Brazil, leveraging ATTRUS's established local financial networks and fiat settlement channels.

Under the agreement, Gello Finance will integrate its blockchain technology, AI-driven payment routing infrastructure, and dual-token digital economic ecosystem with ATTRUS's capabilities. The collaboration aims to reduce frictional costs and processing latencies for enterprises and institutions engaged in cross-border trade and capital settlement in major Latin American economies. Key areas include local liquidity and cross-border payments, next-generation stablecoin on/off-ramp services, and digital financial infrastructure development for sectors like embedded finance and Web3 businesses.

Strategic Focus Areas

The partnership targets three primary areas to enhance digital finance adoption in Latin America:

Management Commentary

Mr. James Xia, Managing Director of AlloyX Limited, overseeing the AX One business, emphasized the strategic importance of the partnership. "Latin America represents a vital pillar of AXG’s global expansion strategy. This collaboration will connect local businesses with globalized digital liquidity and advance AXG’s vision of bridging traditional finance and digital asset networks," he stated.

Stephano Maciel, CEO of ATTRUS, highlighted the complementary strengths of the two entities. "By combining our localized channel advantages in key Latin American markets with AXG’s technology and global reach, this alliance will help build a ‘financial superhighway’ connecting Latin America with the global digital economy," Maciel commented.

About the Companies

Solowin Holdings is a global regulated fintech company established in 2016, combining blockchain and artificial intelligence technologies to operate a compliant dual-token digital economy platform. Its offerings include stablecoin issuance, asset tokenization, securities trading, and AI-powered services. ATTRUS is a financial infrastructure platform enabling global businesses to move, manage, and settle money across markets through a single integration, combining local payment rails, banking services, and stablecoin capabilities.

Solowin Holdings Ltd announced that its subsidiary, AX Coin Bahrain B.S.C. Closed, has signed a non-binding Memorandum of Understanding with Bank of Bahrain and Kuwait to explore the development of regulated stablecoin infrastructure. The partnership aims to support institutional payments, treasury operations, and cross-border settlement. This collaboration leverages BBK's established banking expertise and AX Coin's licensed digital asset infrastructure to create secure and compliant financial solutions for banks and corporate clients.

The agreement comes as projections suggest up to US$1 trillion could migrate from emerging market bank deposits into stablecoins by 2028. Under the MOU, the entities will assess use cases across institutional payments, remittances, and cross-border settlement. Mr. Xavier George, CEO of AX Coin, stated the partnership highlights the value of combining banking expertise with regulated digital infrastructure to build efficient and scalable solutions.

Mr. Adnan Al Ameer, Head of Financial Institutions Group at BBK, noted that the collaboration allows the bank to assess how regulated stablecoins can support new institutional banking models by improving transaction speed and liquidity efficiency. The initiative reinforces Bahrain's role as a hub for financial innovation.

Solowin Holdings Ltd

Solowin Holdings operates as a global regulated fintech company, combining blockchain and artificial intelligence technologies. The company's offerings include stablecoin issuance, asset tokenization, and AI-powered services. Through its ecosystem, which includes AX COIN and AX ONE, Solowin empowers global institutions to capitalize on the dual-token economy.

Recent Performance

Solowin Holdings secured a Stablecoin issuer license from the Central Bank of Bahrain on June 3. The stock has fallen approximately 6% over the past month, touching a 52-week low of $2.35. Shares closed at $3.25 on Wednesday, down 0.6%, with an RSI of 28.3, indicating oversold territory.