Solowin to Acquire Gello Finance via AlloyX
Solowin announced its intention to acquire Gello Finance through its wholly owned subsidiary AlloyX to obtain a Canadian Money Services Business license. The completion of this movement would grant the Company a fully compliant access to North America markets and represent a key pillar of its global expansion strategy. Registered under the regulatory framework of the Financial Transactions and Reports Analysis Centre of Canada, the MSB license would authorize AXG to legally conduct a broad range of financial services in the region, including foreign exchange transactions, cross-border remittances, virtual currency services, and payment processing. Dr. Thomas Zhu, Director of AXG and CEO of AlloyX, commented: "Securing this registration will underscore AXG's commitment to meeting the rigorous compliance standards of major global economies, including Organization for Economic Co-operation and Development jurisdictions. This strategic foothold will provide the essential legal infrastructure to facilitate seamless fiat and cryptocurrency conversions for our North American clients. It will significantly enhance our service capabilities and expand our market potential within the global digital finance landscape."
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Brookfield to Acquire Peakstone Realty Trust for $1.2 Billion
- Market Surge: U.S. stocks rose significantly on Monday, with the Dow Jones index gaining over 350 points, indicating strong investor confidence and potentially attracting more capital into the market.
- Peakstone Realty Trust Price Surge: Shares of Peakstone Realty Trust soared 32.5% to $20.70 on Friday, reflecting positive market sentiment regarding the company's future prospects and the anticipated benefits of the acquisition.
- Acquisition Announcement: Brookfield announced plans to acquire Peakstone Realty Trust in a $1.2 billion all-cash deal, which not only enhances Brookfield's asset portfolio but also signals its strategic intent to expand further in the real estate sector.
- Positive Market Reaction: Following the acquisition news, Peakstone Realty Trust's stock price surged, indicating strong investor confidence in the deal and potentially attracting additional investment into the company.
SOLOWIN HOLDINGS' AX COIN RECEIVES IN-PRINCIPLE LICENSE APPROVAL AS BAHRAIN'S FIRST STABLECOIN ISSUER FROM THE CENTRAL BANK
SAX Coin Approval: Solowin Holdings' SAX Coin has received in-principle licensing approval from the Central Bank of Bahrain.
First Stablecoin Issuer: This marks Solowin Holdings as the first stablecoin issuer to be granted such approval in Bahrain.
