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. According to the company, AX Coin is the first entity licensed under the regulator’s stablecoin framework, placing 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.
SOLOWIN HOLDINGS, established in 2016, is a leading global regulated fintech company that 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.
This development is significant for the broader cryptocurrency and blockchain industry as it demonstrates a path to regulatory compliance for stablecoin issuers. The Central Bank of Bahrain’s framework provides a model for other jurisdictions considering stablecoin regulation, potentially accelerating institutional adoption of digital assets. For SOLOWIN HOLDINGS, this license opens doors to serve clients in the Middle East and beyond, leveraging Bahrain’s progressive regulatory environment to build trust and scale.
To view the full press release, visit https://ibn.fm/GmoUR. For more information about SOLOWIN HOLDINGS, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
