Solowin Holdings reported a dramatic ten‑fold increase in revenue for the fiscal year ended March 31 2026, with total sales rising to between $27 million and $29 million. The jump is driven almost entirely by the company’s digital‑asset tokenization and stable‑coin infrastructure, which together generated $52 million in real‑world asset tokenization and $1.04 billion in stable‑coin and fiat trading volume. The company’s AXONE payments platform processed $226 million in payment volume, while its SOLOMON platform’s assets under administration surged 347 percent to $848.8 million from $189.8 million in FY 2025.
Net loss widened to between $11 million and $13 million, reflecting continued heavy investment in technology, compliance, and global expansion. Cash and cash equivalents increased to $14 million–$16 million, while operating cash outflows rose to $12 million–$14 million, largely due to higher receivables. Financing cash inflows of $18 million–$20 million came from capital injections, including a $5.415 million tranche under a $100 million Streeterville Capital securities purchase agreement that the company plans to use to scale its stable‑coin and tokenization businesses.
The company’s dual‑token strategy—combining digital‑asset tokens with AI tokens—has positioned it to capture institutional demand in key markets such as Hong Kong and Bahrain. CEO Lok Ling Ngai said, “Fiscal 2026 marks a transformative year for SOLOWIN. Achieving tenfold revenue growth represents more than a financial milestone, it validates the strength of our dual‑token strategy and underscores the accelerating global demand for compliant, institutional‑grade digital asset infrastructure.”
Traditional brokerage segments remain small and loss‑making, but the company’s focus on regulated digital‑asset services has attracted regulatory approvals, including a stable‑coin issuer license in Bahrain and a regulatory‑compliant stable‑coin framework in Hong Kong. The company expects audited results in July 2026 and will provide further guidance on profitability as it continues to scale its platform.
Analysts noted the strong revenue growth but expressed concerns over the widening loss, highlighting the need for the company to convert its investment in technology and compliance into sustainable profitability in the coming years.
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