SOLOWIN HOLDINGS Subsidiary AX Coin Receives Bahrain Stablecoin Issuer License, Paving Way for Regulated Digital Asset Expansion
SOLOWIN HOLDINGS' subsidiary AX Coin Bahrain becomes the first entity licensed under Bahrain's stablecoin framework, enabling compliant global stablecoin operations and digital asset integration into payment systems.
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. 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, according to the company. 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 key step in the mainstreaming of stablecoins within a regulated financial environment. Stablecoins, which are digital assets pegged to traditional currencies like the U.S. dollar, have faced scrutiny from regulators worldwide due to concerns about consumer protection and financial stability. By obtaining a license from a central bank, AX Coin distinguishes itself as a compliant issuer, potentially attracting institutional investors and businesses seeking to leverage stablecoins for cross-border payments and other applications.
SOLOWIN HOLDINGS is a leading global regulated fintech company established in 2016 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 and asset management, as well as AI-powered services.
For more information about SOLOWIN HOLDINGS and its subsidiaries, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com.
The latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG. The full press release can be viewed at https://ibn.fm/GmoUR.