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. This collaboration is a strategic move to tap into the growing digital payments market in Latin America, where cross-border transactions and digital currency adoption are on the rise.
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. The integration aims to reduce friction in cross-border payments, develop stablecoin conversion services for regional users and businesses, and advance digital financial infrastructure for sectors including embedded finance, cross-border e-commerce and Web3. This partnership is significant because it combines SOLOWIN’s technological expertise with ATTRUS’s local market knowledge, potentially lowering barriers for businesses and individuals engaging in international transactions.
SOLOWIN Holdings said the collaboration 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. The company’s expansion into Latin America underscores the increasing importance of digital payments and stablecoins in emerging markets. By leveraging its dual-token digital economy super platform, SOLOWIN aims to provide efficient and compliant financial services to a region that has historically faced challenges with traditional banking infrastructure.
The implications of this announcement are far-reaching. For SOLOWIN, it represents a key step in diversifying its geographic presence and revenue streams. For Latin American consumers and businesses, it could mean faster, cheaper, and more accessible cross-border payment options. Stablecoin conversion services may also help mitigate currency volatility, which is a concern in countries like Brazil and Mexico. The partnership aligns with broader trends of financial inclusion and digitization, potentially enabling more people to participate in the global economy.
To view the full press release, visit https://ibn.fm/prEL2. 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.
