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. 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.
SOLOWIN Holdings (NASDAQ: AXG) said the collaboration will focus on reducing friction in cross-border payments, developing stablecoin conversion services for regional users and businesses and advancing digital financial infrastructure for sectors including embedded finance, cross-border e-commerce and Web3. The company said the agreement 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.
This partnership is significant as it aims to address the persistent challenges of cross-border payments in Latin America, where traditional banking infrastructure often leads to high costs and delays. By combining SOLOWIN's advanced blockchain and AI capabilities with ATTRUS's local expertise, the initiative could provide more efficient, cost-effective payment solutions for businesses and consumers in Mexico and Brazil, two of the largest economies in the region.
The move also underscores SOLOWIN's commitment to expanding its dual-token digital economy platform globally. With a presence in Asia-Pacific and the Middle East, the entry into Latin America represents a strategic step to capture growth in emerging markets where digital payment adoption is accelerating. For the broader fintech industry, this collaboration highlights the growing convergence of blockchain technology and traditional financial networks to create seamless cross-border payment systems.
For more information, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
To view the full press release, visit https://ibn.fm/prEL2.
