Hong Kong, Nov. 14, 2025 — SOLOWIN HOLDINGS (NASDAQ: AXG) (“Solowin” or the “Company”), a prominent financial technology firm bridging conventional and digital assets, announced today that its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon JFZ”), has been chosen by the Hong Kong Monetary Authority (“HKMA”) as a pioneering participant in the pilot phase of Project Ensemble (EnsembleTX). This initiative aims to facilitate real-value transactions involving tokenized deposits and digital assets within a controlled pilot environment.
Solowin is identified in Annex B of EnsembleTX, a document listing the participating industry pioneers. Other notable entities on this list include Ant International, Bosera Asset Management (International) Co., Limited, China Asset Management (Hong Kong) Limited, and Hong Kong Exchanges and Clearing Limited (HKEX), among others.
Under the framework of EnsembleTX, Solomon JFZ will collaborate with other leading institutions to enable interbank transactions for tokenized deposits and tokenized fund subscriptions, utilizing the HKMA’s innovative blockchain-based infrastructure. The initiative seeks to demonstrate how the tokenization of monetary assets and other assets can enhance interoperability, efficiency, and automation across the financial ecosystem, thereby establishing a strong foundation for the future development of a tokenized economy.
According to the HKMA, EnsembleTX builds upon the successful outcomes achieved during the Ensemble Sandbox experimentation. This pilot program is designed to facilitate faster, more transparent, and more efficient settlement of real-value tokenized transactions. Its initial focus will be on empowering market participants to utilize tokenized deposits in tokenized money market fund transactions and to manage liquidity and treasury operations in real time. This milestone signifies Hong Kong’s transition from theoretical proofs-of-concept to practical, real-value transaction applications within its rapidly evolving tokenization ecosystem.
Dr. Haokang Thomas Zhu, a Director at Solowin, commented: “We are privileged that Solomon JFZ, our Hong Kong-based cryptocurrency-enabled brokerage, has been selected to participate in EnsembleTX, following our earlier involvement in the sandbox stage of the HKMA’s Project Ensemble. Since the project’s inception in 2024, we have collaborated closely with the HKMA, alongside various banks and fund houses, to advance these sandbox trials. We have personally observed the significant promise of tokenized deposits in fostering financial innovation, and we anticipate broadening their practical uses, including in fund settlement, in 2026.”
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (NASDAQ: AXG) stands as a prominent global financial technology company, specializing in digital currency payments and the tokenization of assets. Established in 2016, its mission involves connecting conventional and decentralized finance by constructing a secure, efficient, and compliant financial infrastructure that delivers integrated digital asset solutions to investors and institutions worldwide. Through its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary, Solomon JFZ (Asia) Holdings Limited, along with other significant subsidiaries like AlloyX Group and AX Coin HK Limited, the Company has cultivated a multi-jurisdictional, vertically integrated, enterprise-grade financial platform. This platform covers global stablecoin payments, corporate treasury services, private wealth management, and real-world asset (RWA) tokenization. Supported by top international institutional investors, the Company oversees compliant and transparent digital assets intrinsically linked to the real economy. Solowin is dedicated to positioning itself as a leading global digital asset financial platform, facilitating the smooth integration of traditional finance with the Web3 ecosystem.
To obtain further details, please visit the Company’s official website at or its investor relations webpage at .
Forward-Looking Statements
This announcement contains certain forward-looking statements. These statements, which encompass known and unknown risks and uncertainties, are predicated on the Company’s current expectations and forecasts regarding future occurrences that the Company anticipates could influence its financial health, operational outcomes, business strategy, and financial requirements. The Company has sought to identify these forward-looking statements through terms or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or comparable expressions. The Company is not obligated to publicly update or revise any forward-looking statements to account for subsequent events or circumstances, or alterations in its expectations that arise post the date of this document, unless mandated by law. These statements are subject to various uncertainties and risks, including, but not limited to, those related to market conditions and other elements detailed in the Company’s submissions to the U.S. Securities and Exchange Commission (the “SEC”), specifically the “Risk Factors” section of the Company’s latest Annual Report on Form 20-F, as well as in other reports filed or furnished periodically with the SEC. While the Company believes the expectations conveyed in these forward-looking statements are rational, it cannot guarantee their accuracy and advises investors that actual results may diverge substantially from projected outcomes. Investors are encouraged to examine other factors that might impact future results in the Company’s SEC filings, accessible for review at .
For investor and media inquiries, please reach out to:
SOLOWIN HOLDINGS
Investor Relations Department
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
