Solowin Holdings (NASDAQ: AXG) announced that its subsidiary, AX Coin Bahrain, has signed a non-binding memorandum of understanding with Singapore Gulf Bank (SGB) to collaborate 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 AX Coin's expertise in stablecoin issuance and payments, combined with SGB's banking infrastructure, to create seamless, compliant digital asset solutions. This collaboration could significantly enhance the efficiency of cross-border transactions, reducing costs and settlement times for businesses operating in these regions. The MOU is non-binding and represents an initial step toward formalizing a strategic alliance.
Solowin Holdings, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies. The company operates a fully compliant dual-token digital economy super platform under the mission “Mobilizing Tokens 24/7.” Its core business pillars include Digital Asset Tokens and AI Tokens, with offerings spanning stablecoin issuance and payments, asset tokenization, securities trading, asset management, and AI-powered services such as cloud infrastructure, Know-Your-Agent verification, and token router.
The integrated ecosystem includes several platforms: AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR. These empower global institutions and investors to capitalize on the rapid growth of the dual-token economy. This MOU with Singapore Gulf Bank aligns with Solowin's strategy to expand its footprint in key markets and enhance its digital asset infrastructure.
The implications of this announcement are significant for the digital asset industry, as it signals growing collaboration between fintech companies and traditional banks to build compliant infrastructure for stablecoins and cross-border payments. This could pave the way for broader adoption of digital assets in mainstream finance, particularly in Asia and the Middle East. For Solowin Holdings, the partnership may open new revenue streams and strengthen its position as a leader in regulated digital asset services.
For more information, visit the company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com.
