Google AI
The Times Australia

Times Media

SOLOWIN Launches Solomon VA+, Leading the Way with Hong Kong's First App to Integrate Traditional and Virtual Asset Trading and Wealth Management Services

HONG KONG SAR - Media OutReach Newswire - 17 July 2024 - SOLOWIN HOLDINGS ("SOLOWIN" or the "Company") (Nasdaq: SWIN), a securities brokerage offering comprehensive financial services to investors worldwide, announced the launch of Solomon VA+, an institutional-grade all-in-one smart trading app through its subsidiary, Solomon JFZ (Asia) Holdings Limited ("Solomon").



Ms. Lily Liu, CFO of Solowin (Left 2), Mr. Yang Zhao, Deputy CEO of Finloop (Left 3), Mr. Thomas Tam, CEO of Solowin (Left 4), Mr. Skeet Luo, Executive President of Hundsun Ayers (Left 5)
Ms. Lily Liu, CFO of Solowin (Left 2), Mr. Yang Zhao, Deputy CEO of Finloop (Left 3), Mr. Thomas Tam, CEO of Solowin (Left 4), Mr. Skeet Luo, Executive President of Hundsun Ayers (Left 5)

Solomon is the first licensed broker dealer in Hong Kong combining traditional, virtual assets trading and wealth management services into one app, marking a significant industry development. Innovatively, upgraded from the former one-stop electronic platform, Solomon Win, Solomon VA+ offers integrated financial services infrastructure designed to meet the evolving needs of next-generation and high-net-worth investors. Its launch coincides with increased institutional adoption of virtual assets in Hong Kong.

Key features of Solomon VA+ include:

  • Advanced Virtual Asset Trading: Cost-effective services for various virtual assets, including spot ETFs, with in-kind/cash subscription and redemption options, 24/7 trading, and real-time market data.
  • Bespoke Asset Management: Access to curated top-performing funds of international fund houses, and personalized investment advice.
  • Diverse Trading Options: One account to invest in international stocks, virtual assets, funds, bonds, options, warrants, ETFs, and more. Access multi-market trading in the US, Hong Kong, and Mainland China markets, as well as HK dark pool and US pre-market/after-hours trading.
  • Real-time Market Intelligence: Advanced portfolio analytics, risk assessment tools, asset allocation strategies, powered with institutional-grade market data, in-depth analytics, and expert insights for informed decisions.
  • Robust Security Infrastructure: Market-leading encryption, ongoing KYC monitoring, multi-factor authentication, and advanced threat detection systems.
With virtual assets uplifted licenses from the Securities and Futures Commission (SFC) of Hong Kong, covering Type 1 (Dealing in securities), Type 4 (Advising on securities) and Type 9 (Asset management), Solomon offers a full spectrum of services for traditional and virtual assets to retail and professional investors. This accomplishment was followed by Solomon becoming one of the first three dealers participating in Hong Kong's spot Bitcoin and Ethereum ETFs, solidifying itself as a market leader. Notably, Solomon ranks first in client holdings in spot Bitcoin and Ethereum ETFs[1]. These achievements underscore the company's strategic vision and leadership.

Thomas Tam, Chief Executive Officer of SOLOWIN, commented, "Solomon VA+ represents a pivotal achievement in our strategic vision, effectively bridging traditional finance with the rapidly evolving virtual asset ecosystem, empowered with state-of-the-art technology supporting from Hundsun Ayers, as well as wealth management product solutions from Finloop. This platform positions Solomon as a key enabler of integrated financial services, placing us at the vanguard of the global financial sector's digital transformation. By offering a comprehensive solution that addresses the complex needs of modern investors, we are not just adapting to change – we are driving it, setting new standards for innovation and accessibility in the financial services industry."

Skeet Luo, Executive President of Hundsun Ayers added, " We are thrilled to partner with SOLOWIN in the development of Solomon VA+. Our comprehensive trading systems and app solutions are specifically designed to support innovative financial services like Solomon VA+. This collaboration exemplifies our commitment to advancing the financial technology landscape and meeting the dynamic needs of today's investors. Our technologies ensure seamless integration of traditional and virtual assets, providing users with a robust, secure, and versatile trading platform."

Yang Zhao, Deputy CEO of Finloop congratulated SOLOWIN on the successful launch of the new app and stated, "Finloop is delighted to collaborate deeply with SOLOWIN, empowering the digital transformation and upgrading of comprehensive financial services for Solomon VA+ with our professional wealth management product solutions. Going forward, we will continue providing digitalized one-stop wealth management platform and solution services, joining hands with SOLOWIN and industry peers to jointly drive further fintech innovation."

The app is available from July 16, 2024. To celebrate the launch, SOLOWIN is offering exclusive benefits to early registrants including premium features and preferential terms.


[1] Solowin's client holdings rank the first for ChinaAMC Bitcoin-U (HKEX: 9042), ChinaAMC Ethereum-U (HKEX: 9046), and Harvest Bitcoin-U (HKEX: 9439)

Forward Looking Statement

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.Hashtag: #SOLOWIN

The issuer is solely responsible for the content of this announcement.

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 VA+.

Experiencing robust growth since 2021, SOLOWIN HOLDINGS has established a strong market presence 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 FinTech Services. For more information, visit the Company's website at http://ir.solomonwin.com.hk.

About Hundsun Ayers

Hundsun Ayers, headquartered in Hong Kong, is a wholly owned subsidiary of Hundsun Technologies Inc. (SHA: 600570). With the mission to "Make Finance Easy", Hundsun Ayers provides comprehensive solutions and services for over 200 clients. Operating across the Asia-Pacific region, Hundsun Ayers supports clients in achieving sustainable and scalable growth through continuous innovation and R&D.

About Finloop

Finloop Finance Technology Holdings Limited ("Finloop") is a premier digital wealth management platform based in Hong Kong. It offers comprehensive wealth management products and technology solutions to a diverse range of financial institutions, including commercial banks, securities companies, cross-border e-commerce, family offices, wealth management companies, insurance brokerage companies, fund companies, among others. Leveraging its proprietary technology platform, Finloop provides comprehensive wealth management products such as cash management, public funds, private funds, structured products, bonds, insurance and virtual assets.

Finloop is a leader in the financial technology sector in Asia, known for its industry-leading research and development capabilities and solution implementation. It stands out as the only financial technology capable of providing a one-stop wealth management platform and solutions. Finloop is committed to becoming most trusted wealth management partner for tis customers and to driving innovation and development of the wealth management industry.

Read more: SOLOWIN Launches Solomon VA+, Leading the Way with Hong Kong's First App to Integrate Traditional an...

More Articles …

  1. Agilis Robotics Completes Cadaver Study for a Novel Endoluminal Surgical Robot, Aims at First-in-human (FIH) Trial This Year
  2. LEAP promotes a Social & Emotional Learning Approach to Address the Well-being Needs of School Students and Teachers
  3. HKU AIDS Institute & Immuno Cure’s Collaborative Therapeutic HIV Vaccine Research Project secured HK$66.7m TRS funding from Research Grant Council
  4. Gran Meliá Hotels & Resorts debuts the "15th Wonder" in Vietnam
  5. IGC Subsidiary Entered into a Cooperation with Confiprosper Fintech
  6. Grey Expands its International Presence and Services to Latin America (LATAM), Southeast Asia (SEA) Markets
  7. eM Client email app launches groundbreaking version 10 with AI support
  8. Citi to Take Wealth Management to Next Level with the Market-First Launch of Wealth 360
  9. Octa: 5 pitfalls to avoid when choosing a financial broker
  10. Embark On "Wellness To Go" Activities at Pacific Place and Starstreet Precinct This Summer!
  11. VinFast opens first three dealer showrooms in the Philippines
  12. VIETFOOD & BEVERAGE - PROPACK VIETNAM 2024 - Many privileges for exhibitors
  13. Harbin Completes the World's Largest Indoor Ice and Snow Theme Park
  14. Small Luxury Hotels of The World Expands in India with a Strategic Brand Partnership with The MRS Group of Hotels
  15. Russia’s Metalloinvest Plans New Green Metallurgy Project Worth $2 bn
  16. SIBUR Develops Industrial Tourism at Its Green Enterprise
  17. Alpha Quest Appoints Shankar Jha as Managing Director, Group Head
  18. Work+Store Introduces New Air-Conditioned Storage Units with An Exclusive Launch Offer
  19. Coliwoo Celebrates 5th Anniversary with Its Members & The Public
  20. Newtral launched ergonomic chairs to Define a New Work-from-Home Healthy Home Life
  21. VinFast announces irresistible price for VF e34 and VF 5 electric SUVs at GIIAS 2024 exhibition
  22. Octa provides charity support in celebration of Eid al-Adha
  23. Senoko Energy Launches Movement to Celebrate Everyday Energy Savers with National Singlet Month Campaign
  24. XTransfer Receives In-Principle-Approval For MPI License from Monetary Authority of Singapore
  25. PSB Academy celebrates 60th Birthday with interactive installations to showcase upskilling opportunities for Singaporeans
  26. Street Dance@Mikiki - 5 Paris Landmark Immersive Check-in Positions + 3 Street Dance Interactive Experiences + Summer Offers
  27. Luxury in Every Detail: A Thoughtful Celebration of Love at Dorsett Kai Tak
  28. The Happy Tots Introduces Gift Sets To Delight Little Ones Everywhere
  29. Iconic Dusit Thani Bangkok hotel confirms reopening on 27 September 2024 with a stunning new look and elevated guest experience
  30. Joey Yung Unveils The Grand Finale of ‘Melco Residency Concert Series 2024’
  31. International Experts Highlight Contemporary Value of Confucianism at The 10th Nishan Forum on World Civilizations
  32. China's Leading Wine Producing Region to Host International Wine Expo in August
  33. "Genius Painter - Future Leader" by Childlike Art: Discover Tomorrow's Artistic Greats at Tai Yau Plaza
  34. The Truth About PTOUNX Scam Allegations: Ensuring Security and Compliance in Crypto
  35. JUHBZ Scam Prevention Guide: Safeguarding Your Cryptocurrency
  36. BR Metals Celebrates Second Entrepreneur of the Year Award Win Under the Established Entrepreneur Category in Singapore
  37. LiveU Honours Media Architects as an Exceptional Distributor at 2024 Partners Meeting in Singapore
  38. Sahm Capital: Latest Scam Alert on Impersonation of the Company Website
  39. EARFUL - A.I. Brand Safety Platform Expands Globally With New Functions
  40. VinFast breaks ground on new EV assembly plant in Indonesia
  41. Lucy Gilson and Johan Rockström awarded the Virchow Prize 2024
  42. DFI Retail Group to Announce Half-Year 2024 Financial Results and Host Live Webcast
  43. The Hong Kong Institute of Surveyors Awards 2024
  44. Beijing to Fully Open Ming Tombs to Tourists to Further Showcase Ming Dynasty Culture at The Ming Culture Forum 2024
  45. Data Erasure Software Earns Government STQC Certification, Enabling DPDP Act Compliance
  46. DHL Global Forwarding announces new President Director for Indonesia
  47. Higher for longer interest rate environment continues to benefit banks’ profitability in 2024, KPMG report finds
  48. 'Medlab Asia & Asia Health 2024' Grand Opening Under Concept ‘International Healthcare Week’
  49. Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 24/25
  50. Vision International Supply Chain Management Services Extended Application to Sports-related Scenarios

Times Magazine

SpaceX changed spaceflight. Now China is proving reusable rockets are the new battleground.

When SpaceX first landed a Falcon 9 booster vertically on a floating drone ship, many experts desc...

Hybrid, Plug-in Hybrid or Electric? Understanding the Differences

Buying a new car has become more complicated than choosing between petrol and diesel. Today's buye...

What Is Fatphobia? Understanding the Debate

The word "fatphobia" has become increasingly common in discussions about health, body image and so...

Technology

SpaceX changed spaceflight. Now Chi…

When SpaceX first landed a Falcon 9 booster vertically on a floating drone ship, many experts desc...

Local News

Fremantle Ports to trial project to…

Fremantle Ports has partnered with Byssal and DevelopmentWA to trial an innovative nature-based pilo...

Culture

Cyclosporiasis outbreak in the United States:…

Thousands of cases of cyclosporiasis have been reported across the United States in what health au...

Travel

Why Vietnam's Ancient Cave Region Is Bec…

For years, Phong Nha in central Vietnam has attracted adventurous travellers drawn by its spectacu...

The Times Features

Property Taxes: The Ripple Effect Beyond Housing

Property taxes are often debated in terms of house prices, affordability and government revenue. Y...

The Term Deposit Market Explained: How Banks Set Intere…

For many Australians, a term deposit is one of the first investment products they encounter. It is...

Could It Be Cheaper to Start Again? The Real Cost of Fu…

Moving house has long been associated with removal trucks, heavy lifting and the challenge of fitt...