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. The company stated that 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.
This development is significant as it marks a major step toward mainstream adoption of stablecoins under strict regulatory oversight. The Central Bank of Bahrain's framework is designed to ensure stability and security in digital asset transactions, which could encourage other jurisdictions to follow suit. For SOLOWIN HOLDINGS, the license opens up opportunities to offer regulated stablecoin services to institutions and enterprises, potentially increasing the utility of its dual-token economy platform.
SOLOWIN HOLDINGS (Nasdaq: AXG) is a global regulated fintech company established in 2016. It combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. 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.
For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
