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 (CBB) to conduct stablecoin issuer activities. This makes AX Coin 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.
SOLOWIN HOLDINGS, established in 2016, is a global regulated fintech company that combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Guided by the mission “Mobilizing Tokens 24/7,” the company 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.
The significance of this development lies in the regulatory clarity it provides. As central banks worldwide grapple with digital currencies, the CBB's framework offers a blueprint for compliant stablecoin operations. For institutional investors, the license reduces risk by ensuring that AX Coin's stablecoin will be subject to ongoing oversight, potentially increasing trust and adoption. For the broader industry, it signals that regulatory pathways for stablecoins are emerging outside traditional financial hubs like the U.S. and Europe, opening new markets for digital asset innovation.
The license also positions SOLOWIN HOLDINGS to capitalize on the growing demand for stablecoins in cross-border payments and settlement. With the global stablecoin market projected to expand significantly, regulated issuers are likely to gain a competitive edge. The company's integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, aims to empower global institutions and investors to capitalize on the rapid growth of the dual-token economy.
For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
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