SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (c), has received approval from the Central Bank of Bahrain to conduct stablecoin issuer activities. This marks a significant milestone as AX Coin is the first entity licensed under the regulator’s stablecoin framework, positioning it among a select group of stablecoin issuers operating under sovereign central bank oversight.
The approval provides a regulated foundation for expanding stablecoin-based financial infrastructure and supports the integration of digital assets into payments and settlement systems. Company executives said the license will enable AX Coin to scale compliant stablecoin operations globally while supporting institutional adoption and programmable digital payment ecosystems. The move is expected to enhance trust and stability in the digital asset market, as regulated stablecoins are seen as a bridge between traditional finance and the emerging digital economy.
SOLOWIN HOLDINGS, established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its mission, “Mobilizing Tokens 24/7,” drives its two core business pillars: Digital Asset Tokens and AI Tokens. The company’s offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.
Through its integrated ecosystem, which includes AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. The Central Bank of Bahrain’s approval is a key step in legitimizing stablecoins within a regulated framework, potentially setting a precedent for other jurisdictions. This development could accelerate institutional adoption of digital assets, as regulated entities provide greater security and compliance assurances.
For more information, visit the Company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com. The full press release is available at https://ibn.fm/GmoUR.
