SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding memorandum of understanding with The Benefit Company B.S.C. (C), Bahrain’s national electronic financial transactions hub, to explore potential applications for stablecoin technology within the kingdom’s payments ecosystem.
The collaboration will assess how stablecoin capabilities could potentially integrate with BENEFIT’s existing national payments infrastructure, subject to regulatory and technical feasibility, as part of a broader evaluation of emerging digital asset infrastructure in Bahrain. AX Coin has received in-principle approval from the Central Bank of Bahrain, with the initiative intended to support continued exploration of regulated digital asset solutions in the region. This move positions Bahrain as a potential leader in regulated stablecoin adoption within the Middle East.
For SOLOWIN HOLDINGS, this partnership represents a strategic step to expand its digital asset ecosystem into a key financial hub. The company, established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Its 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, including 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 MOU with BENEFIT could pave the way for broader adoption of stablecoins in cross-border payments and remittances, potentially reducing transaction costs and settlement times for businesses and consumers in Bahrain.
The implications of this announcement extend beyond SOLOWIN. It signals growing institutional interest in stablecoins as a regulated complement to traditional payment systems. If successful, the initiative could serve as a model for other nations exploring central bank digital currencies or private stablecoin integration. However, the non-binding nature of the MOU means further regulatory and technical hurdles must be cleared before any deployment.
For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com. The latest news and updates relating to AXG are available in the company’s newsroom at https://nnw.fm/AXG.
