SOLOWIN HOLDINGS’ AX Coin Partners with INFINIOS to Build Stablecoin Payment Infrastructure for Gulf Region
SOLOWIN HOLDINGS’ subsidiary AX Coin signed a non-binding MOU with INFINIOS to develop regulated wallet and payment solutions, aiming to accelerate stablecoin adoption across the Gulf region.
SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its AX Coin stablecoin subsidiary has signed a non-binding memorandum of understanding with INFINIOS to develop regulated wallet infrastructure and digital payment solutions. The collaboration aims to accelerate stablecoin adoption across the Gulf region, a market with growing demand for digital financial services.
The partnership is expected to integrate AX Coin into INFINIOS’ payments infrastructure, enabling compliant custodial and non-custodial wallet solutions, multi-currency virtual accounts, fiat on/off ramps, and real-time cross-border settlement capabilities for institutional clients. This development underscores the increasing focus on stablecoin-based payment systems in the Middle East, where regulatory frameworks are evolving to support digital assets.
For SOLOWIN HOLDINGS, the move represents a strategic expansion of its dual-token economy platform, which combines blockchain and artificial intelligence technologies. The company, established in 2016, operates under the mission “Mobilizing Tokens 24/7” and offers services spanning stablecoin issuance and payments, asset tokenization, securities trading, and AI-powered solutions. Its ecosystem includes brands such as AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR.
The partnership with INFINIOS could position AX Coin as a key player in the Gulf’s burgeoning stablecoin market, where cross-border trade and remittances are significant. By providing regulated infrastructure, the collaboration addresses compliance concerns that have hindered wider adoption of digital currencies in the region. Real-time settlement capabilities may also reduce transaction costs and processing times for institutional clients.
This announcement comes as global interest in stablecoins grows, with central banks and financial institutions exploring their potential for payments and settlement. SOLOWIN HOLDINGS’ focus on regulatory compliance could give it an edge in markets like the Gulf, where authorities are cautious but increasingly open to blockchain-based solutions. The non-binding nature of the MOU suggests further due diligence and negotiations are needed, but the partnership signals a concrete step toward operational integration.
More details are available in the company’s newsroom at https://ibn.fm/AXG. For additional information on SOLOWIN HOLDINGS, visit its website at https://www.alloyx.com or its investor relations page at https://ir.alloyx.com.