SOLOWIN HOLDINGS Strengthens Partnership with OSL to Facilitate Hong Kong’s Innovative Spot Virtual Asset ETFs with In-Kind Subscription and Redemption
April 26 2024 - 9:15AM
SOLOWIN HOLDINGS (Nasdaq: SWIN) ("SOLOWIN" or the "Company"), a
securities brokerage company that offers comprehensive financial
services primarily to Chinese investors, today announced that the
Company, through its subsidiary, Solomon JFZ (Asia) Holdings
Limited (“Solomon”), strengthened the partnership with OSL Digital
Securities (“OSL”), the digital asset platform of OSL Group
(863.HK) – Hong Kong’s only publicly listed company fully dedicated
to digital assets, to facilitate the in-kind subscription and
redemption processes essential for the successful deployment and
management of Hong Kong’s first spot virtual asset exchange-traded
funds (“ETFs”).
Solomon is the first batch of SFC-approved
participating dealer of this innovative in-kind subscription and
redemption for spot virtual asset ETFs in Hong Kong. As a
participating dealer, Solomon will facilitate the in-kind
transactions, enabling investors to subscribe to or redeem ETF
shares directly with the underlying digital assets, thereby
significantly enhancing both the liquidity and accessibility of
digital asset investments.
Mr. Thomas Tam, Chief Executive Officer of
SOLOWIN, noted, "Through our partnership with OSL and various
regulatory entities, we are participating in the establishment of
new standards for investment and compliance in the virtual asset
sector in Hong Kong. These efforts are crucial for advancing the
local digital asset market, spurring innovation, and attracting
more inbound investments."
About Solowin Holdings
Based in Hong Kong, SOLOWIN HOLDINGS is a
versatile securities brokerage company strategically focused on
high-net-worth investors worldwide. It offers a wide spectrum of
products and services, spanning from traditional assets to virtual
assets through its advanced and secure one-stop electronic
platform, Solomon Win.
Experiencing robust growth since 2021, SOLOWIN
HOLDINGS distinguishes itself through its subsidiary, Solomon JFZ
(Asia) Holdings Limited (“Solomon”), licensed by the Hong Kong
Securities and Future Commission. Solomon JFZ empowers the company
to deliver unparalleled one-stop financial solutions to both
individual investors and corporate clients. The diversified
offerings include Securities Brokerage, Investment Banking, Asset
Management, Virtual Assets, and cutting-edge FinTech Services. For
more information, visit the company’s website at
http://ir.solomonwin.com.hk.
About OSL Digital
Securities
OSL Digital Securities (“OSL”) is the digital
asset platform of OSL Group (863.HK) – Hong Kong’s only publicly
listed company fully dedicated to digital assets. Founded in 2018,
OSL has an established history in the sector and is recognised by
many as the leader in providing comprehensive regulated and
licensed digital asset solutions.
OSL offers Markets services (brokerage,
exchange, and custody) and SaaS technology solutions, which deliver
institutional clients in addition to professional and retail
investors access to global liquidity through its best-in-class
digital asset platform. OSL’s secured and insured hot and cold
wallet infrastructure also ensures the safekeeping of digital
assets with timely transaction settlements.
As the digital asset industry continues to
evolve, so does OSL. OSL’s simple and tailored approach compliantly
navigates international clients through the evolving digital assets
environment. For more information, visit the company’s website at
https://osl.com/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“potential,” “continue” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations that arise after
the date hereof, except as may be required by law. These statements
are subject to uncertainties and risks including, but not limited
to, the uncertainties related to market conditions and other
factors discussed in the “Risk Factors” section of the registration
statement filed with the SEC. Although the Company believes that
the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC. Additional factors are discussed in the
Company's filings with the SEC, which are available for review at
www.sec.gov.
For investor and media inquiries please
contact:
SOLOWIN HOLDINGS Investor Relations
DepartmentEmail: ir@solomonwin.com.hk
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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