Solowin Holdings Unit AX Coin Signs MOU with Singapore Gulf Bank for Stablecoin and Cross-Border Payment Infrastructure
Solowin Holdings' subsidiary AX Coin Bahrain has signed a non-binding MOU with Singapore Gulf Bank to develop stablecoin infrastructure, cross-border payment solutions, and digital asset initiatives across Asia and the Middle East.
Solowin Holdings (NASDAQ: AXG) announced that its subsidiary, AX Coin Bahrain, has entered into a non-binding memorandum of understanding (MOU) 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 marks a significant step in expanding the reach of compliant digital asset solutions in key financial hubs.
The MOU outlines plans to integrate AX Coin’s compliant stablecoin platform with SGB’s banking and payment networks. The collaboration will focus on developing cross-border settlement solutions, digital asset treasury frameworks, and institutional-grade payment rails designed for corporate and institutional clients. This partnership aims to leverage the strengths of both entities to create a seamless bridge between traditional finance and the emerging digital asset economy.
Solowin Holdings, established in 2016, is a globally 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 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 such as cloud infrastructure, Know-Your-Agent verification, and token router.
The partnership with Singapore Gulf Bank is particularly notable given SGB’s status as a licensed bank in Singapore, a jurisdiction known for its progressive yet stringent regulatory framework for digital assets. By aligning with SGB, AX Coin Bahrain can tap into SGB’s banking infrastructure to offer regulated stablecoin solutions that meet compliance standards in both Asia and the Middle East.
This development underscores the growing trend of traditional financial institutions collaborating with fintech companies to build the infrastructure for digital assets. Stablecoins, in particular, have gained traction as a means to facilitate faster and cheaper cross-border payments, and this partnership could accelerate their adoption among corporate clients. For Solowin Holdings, the MOU represents an opportunity to expand its ecosystem beyond its existing platforms, which include AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR.
Investors and industry observers will be watching for further details on the implementation timeline and specific use cases that emerge from this collaboration. The full press release is available at https://ibn.fm/9KHZT. For more information about Solowin Holdings, visit the company’s website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com.