Solowin Holdings (NASDAQ: AXG) announced that its subsidiary, AX Coin Bahrain, has signed a non-binding memorandum of understanding (MOU) with Singapore Gulf Bank (SGB) to explore collaboration on stablecoin infrastructure, cross-border payments, and digital asset initiatives across Asia and the Middle East. The agreement outlines plans to integrate AX Coin’s compliant stablecoin platform with SGB’s banking and payment networks, including the development of cross-border settlement solutions, digital asset treasury frameworks, and institutional-grade payment rails for corporate and institutional clients.
According to the press release, the partnership aims to leverage the strengths of both entities to address the growing demand for efficient and compliant digital asset services. AX Coin, a regulated digital asset platform, brings expertise in stablecoin issuance and tokenization, while SGB offers established banking infrastructure and a presence in key financial hubs. The MOU is non-binding, meaning that the specific terms and timeline for implementation will be subject to further negotiations and definitive agreements.
This collaboration comes at a time when the digital asset industry is seeking greater integration with traditional banking systems. Stablecoins, in particular, have gained traction as a means for faster and cheaper cross-border payments. By combining AX Coin’s technology with SGB’s banking network, the companies aim to create seamless payment rails that can serve corporate clients looking to transact in digital currencies.
Solowin Holdings, established in 2016, is a globally regulated fintech company that combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. The company focuses on tokenization and operates two core business pillars: Digital Asset Tokens and AI Tokens. 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.
For more information on Solowin Holdings, visit the company’s website at https://www.alloyx.com or its 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://ibn.fm/AXG.
This MOU signals a potential step forward in bridging the gap between digital asset platforms and traditional banking, with implications for the broader adoption of stablecoins in cross-border commerce. The partnership could also serve as a model for similar collaborations between fintech firms and banks in the region.
