Coin World reported that the Nasdaq-listed digital asset financial company SOLOWIN announced a share investment agreement to acquire 19% of Singapore's cross-border payment institution GPL Remittance, with the specific investment amount not disclosed. The latter currently holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). According to previous news, SOLOWIN has announced the joint launch of a $100 million Bitcoin quantitative fund, which will adopt data-driven algorithmic trading strategies to invest in Bitcoin.