Solowin Holdings announced on August 22, 2025, the official launch of its Dubai Operations Center and the initiation of its application for a Category 3C asset management license from the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE market follows a recently disclosed collaboration with CITIC Construction on August 20, 2025, for financial technology infrastructure development in Saudi Arabia.
The company has signed a memorandum of understanding with a prominent UAE local enterprise to rapidly penetrate the local financial services market. Solowin selected DIFC as its Middle Eastern hub due to its regulatory advantage of a mutual recognition framework with Hong Kong’s Securities and Futures Commission (SFC), which is expected to streamline the license approval process within three months.
This expansion aims to strengthen capital and asset connectivity between the Middle East and Asia, offering regional investors access to compliant digital asset management and tokenized products. Peter Lok, CEO of Solowin, stated that the Dubai Operations Center is a pivotal addition to Solowin’s global compliance network, contributing to a cross-regional 'digital financial silk road.' Initial services will target institutional clients seeking Sharia-compliant products, including structured products supported by real-world assets and computing power.
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