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:
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.
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.
Hashtag: #SOLOWIN
The issuer is solely responsible for the content of this announcement.
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.
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.
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.
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