TechFlow, August 20 — According to Globenewswire, SOLOWIN, a Nasdaq-listed digital asset financial company, announced it has entered into an equity investment agreement with Singapore-based cross-border payment institution GPL Remittance to acquire a 19% stake. The specific investment amount has not been disclosed. GPL Remittance currently holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS).
Previously, SOLOWIN announced plans to jointly launch a $100 million Bitcoin quantitative fund that will employ data-driven algorithmic trading strategies to invest in Bitcoin.
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