solowin

The Nasdaq-listed fintech company SOLOWIN HOLDINGS announced that it has reached a securities purchase agreement with Streeterville Capital to secure $100 million in financing. SOLOWIN will issue and sell prepaid shares for Streeterville Capital to purchase, with the first transaction of approximately $5.415 million in prepaid shares already completed. The company plans to use these funds to support its stablecoin and asset tokenization business.SOLOWIN previously disclosed that it will launch a Bitcoin quantitative fund with Antalpha, with a size of up to $100 million, and will employ data-driven algorithmic trading strategies to invest in Bitcoin.

ChainCatcher news, according to Globenewswire, Nasdaq-listed digital asset financial company SOLOWIN announced a equity investment agreement with Singapore-based cross-border payment institution GPL Remittance to acquire a 19% stake, which currently holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS).Previously, SOLOWIN announced the joint launch of a $100 million Bitcoin quantitative fund.