AlloyX group finalises acquisition of GELLO FINANCE
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AlloyX group finalises acquisition of GELLO FINANCE 07 January 2026Canada Reporter: Tahlia Kraefft
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AlloyX Group (AXG) has completed the acquisition of GELLO FINANCE, a licensed compliance entity, and has officially obtained a Canadian Money Services Business (MSB) license.
This move marks AXG’s completion of the regulatory entry requirements for the Canadian market and represents a milestone in its global expansion roadmap.
Following the acquisition, AXG has come under the regulatory oversight of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Under FINTRAC’s regulatory framework, AXG is legally authorised to conduct core regulated activities in Canada, including foreign exchange services, cross-border remittances, and payment services, in full compliance with applicable laws and regulations.
The establishment of the Canadian MSB license further underscores AXG’s ability to operate in accordance with high-standard regulatory regimes across multiple jurisdictions, strengthening its compliance foundation and expanding its long-term growth opportunities within the global digital finance landscape.
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Image: Mrzproducer/stock.adobe.com 