According to Mars Finance, as reported by Globenewswire, the Nasdaq-listed digital asset financial company SOLOWIN announced that it has reached an equity investment agreement with Singapore-based cross-border payment institution GPL Remittance, acquiring a 19% stake in the latter, which currently holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). Previously, SOLOWIN announced that it will jointly launch a $100 million Bitcoin quantitative fund.