SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its stablecoin issuance subsidiary, AX Coin Bahrain B.S.C. (C), has signed a non-binding memorandum of understanding with The Benefit Company B.S.C. (C), Bahrain’s national electronic financial transactions hub, to explore potential applications for stablecoin technology within the kingdom’s payments ecosystem. The collaboration will assess how stablecoin capabilities could potentially integrate with BENEFIT’s existing national payments infrastructure, subject to regulatory and technical feasibility, as part of a broader evaluation of emerging digital asset infrastructure in Bahrain.
This partnership is significant because it aligns with Bahrain's efforts to position itself as a regional fintech hub. The Central Bank of Bahrain has already granted AX Coin in-principle approval, signaling regulatory openness to digital assets. If successful, the integration could streamline cross-border payments, reduce transaction costs, and enhance financial inclusion. For SOLOWIN, this MOU represents a strategic step in expanding its digital asset token business, which is one of its two core pillars alongside AI Tokens. The company operates a fully compliant dual-token digital economy super platform, combining blockchain and artificial intelligence technologies.
SOLOWIN HOLDINGS, established in 2016 and listed on Nasdaq, offers a range of services including stablecoin issuance and payments, asset tokenization, securities trading, and AI-powered services. Its ecosystem includes brands such as AX COIN, AX ONE, and FERION. The MOU with BENEFIT could pave the way for broader adoption of stablecoins in regulated financial systems, potentially influencing other jurisdictions. As the company continues to explore regulated digital asset solutions in the region, this initiative underscores the growing interest in stablecoin applications beyond cryptocurrency trading.
For more information, visit the company’s website at https://www.alloyx.com or the Investor Relations webpage at https://ir.alloyx.com. The full press release is available at https://nnw.fm/emVgZ.
