Solowin Announces Participation in HKMA’s Project Ensemble Sandbox to Jointly Promote the Development of Hong Kong's Tokenization Market

Hong Kong, Dec. 26, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a leading financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, has joined China AMC (HK), HSBC, Hang Seng Bank, OSL exchanges, and Fosun Wealth Holdings to submit a sandbox trial to the Hong Kong Monetary Authority (HKMA) under Project Ensemble Sandbox. The Company has become one of the first-phase testers of the sandbox launched in August 2024 which will initially explore "Fixed Income and Investment Funds" use case for the local application of tokenized currencies and assets. By leveraging the collective asset management experience and innovative capabilities of all participants, this trial aims to contribute to the development of Hong Kong’s tokenization market.

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