Solowin Holdings (NASDAQ: AXG) reported fiscal 2026 revenue of $28.05 million, an increase of approximately 895% from $2.82 million the previous year. The surge was fueled by a 395% rise in stablecoin and fiat trading volume to $1.04 billion and a 347% increase in client assets under administration to $848.8 million. These results underscore the company's rapid expansion in the digital asset sector and its growing role in the stablecoin market.
The broader market context is equally compelling. Global stablecoin market capitalization reached $311 billion in 2025, while annualized stablecoin payments hit an estimated $390 billion based on December 2025 activity. Notably, approximately $226 billion of that volume came from business-to-business payments, highlighting the increasing institutional adoption of stablecoins for commercial transactions. Solowin's growth aligns with this trend, as its platform facilitates both stablecoin and fiat trading for a diverse client base.
A key milestone for the company was the receipt of a full stablecoin issuer license by its subsidiary, AX Coin Bahrain, in June 2026. This license enables Solowin to issue and manage stablecoins under the regulatory oversight of the Central Bank of Bahrain. Following this approval, the company outlined strategic priorities including the commercialization of its AXUSD and AXBHD tokens, integration with banking and payment partners, and the development of payment corridors connecting the Gulf Cooperation Council (GCC) with Asia and Africa. These initiatives are designed to enhance cross-border payment efficiency and expand Solowin's footprint in key growth markets.
Chairman and CEO Ling Ngai Lok emphasized the company's "license-first" approach in navigating the evolving regulatory landscape for digital assets. "When the U.S. rules land, we won’t be scrambling. We’ll be operating," Lok stated. "Washington’s delay isn’t a threat to us. It’s runway." This perspective reflects Solowin's proactive strategy of securing regulatory approvals in jurisdictions like Bahrain and Hong Kong, where it operates under the Securities and Futures Commission (SFC) framework. By establishing a compliant foundation, the company aims to avoid disruptions when U.S. regulations are eventually implemented.
Solowin Holdings, established in 2016, operates a fully compliant dual-token digital economy super platform that combines blockchain and artificial intelligence technologies. Its mission, "Mobilizing Tokens 24/7," is supported by two core pillars: Digital Asset Tokens and AI Tokens. Offerings span stablecoin issuance and payments, asset tokenization, securities trading, asset management, and AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token routing. The company's integrated ecosystem includes brands like AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, which collectively empower institutions and investors to participate in the dual-token economy.
For more information, visit the company's website at https://www.alloyx.com or the Investor Relations page at https://ir.alloyx.com. The full press release can be accessed at https://ibn.fm/YBsAi.
