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The US-listed company SOLOWIN invests in the Singapore MPI licensed institution GPL Remittance and acquires a 19% stake.
According to Mars Finance, Globenewswire reports that Nasdaq-listed digital asset financial company SOLOWIN has announced an equity investment agreement with Singapore-based cross-border payment institution GPL Remittance to acquire a 19% stake, which currently holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). Previously, SOLOWIN announced the joint launch of a Bitcoin quantitative fund with a scale of $100 million.