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. The collaboration aims to reduce friction in cross-border payments and advance digital financial infrastructure.
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 partnership will focus on developing stablecoin conversion services for regional users and businesses, as well as advancing digital financial infrastructure for sectors including embedded finance, cross-border e-commerce and Web3.
SOLOWIN Holdings said the agreement supports its global expansion strategy following progress in the Asia-Pacific and Middle East regions. Technical integration and product deployment are already underway for future Latin American service launches. The company operates a fully compliant dual-token digital economy super platform, combining blockchain and artificial intelligence technologies.
This partnership is significant as it addresses the growing demand for efficient cross-border payment solutions in Latin America, a region with high remittance flows and increasing digital adoption. By leveraging ATTRUS's local networks and SOLOWIN's technology, the initiative could reduce costs and transaction times for businesses and individuals. The focus on stablecoin services also highlights the potential for digital currencies to facilitate faster and cheaper transfers compared to traditional banking systems.
The announcement follows SOLOWIN's progress in other regions, indicating a broader strategy to establish a global footprint in the digital payments space. For more details, visit the full press release at https://ibn.fm/prEL2. Additional information about SOLOWIN is available on its website at https://www.alloyx.com or its Investor Relations page at https://ir.alloyx.com.
