SOLOWIN HOLDINGS (NASDAQ: AXG) announced that its subsidiary, AlloyX Limited, has entered into a strategic partnership with Bahrain FinTech Bay to drive innovation and accelerate the adoption of regulated stablecoin applications. This collaboration is set to further strengthen Bahrain’s position as a regional hub for digital finance, as AlloyX works within Bahrain FinTech Bay’s innovation ecosystem alongside global and regional payments and technology partners to explore next-generation stablecoin application scenarios.
According to the announcement, the partnership aligns with AlloyX’s vision to build compliant and scalable stablecoin solutions in Bahrain, delivering benefits for the Gulf Cooperation Council (GCC) region and global markets. The company is advancing plans toward regulatory approval and the subsequent market launch of its stablecoin, leveraging Bahrain’s progressive regulatory framework for digital assets.
AlloyX Limited, a subsidiary of Solowin Holdings, serves as a bridge between traditional finance and the digital assets ecosystem. The company operates across stablecoin payments, tokenization services, digital brokerage, and on-chain financial infrastructure. By integrating traditional brokerage and banking systems with blockchain technology, AlloyX aims to deliver secure, efficient, and auditable digital financial solutions for institutions. The partnership with Bahrain FinTech Bay is expected to accelerate the development of compliant stablecoin use cases, including payments, remittances, and cross-border transactions.
SOLOWIN HOLDINGS, a global fintech firm founded in 2016, focuses on digital currency payments and asset tokenization. The company leverages its Hong Kong Securities and Futures Commission (SFC)-licensed subsidiary Solomon JFZ (Asia) Holdings Limited, along with AlloyX Group and AX Coin, to provide a multi-jurisdictional, vertically integrated platform. The partnership with Bahrain FinTech Bay underscores Solowin’s commitment to expanding its presence in the Middle East and driving the convergence of traditional finance and digital assets.
For more information, the full press release is available at https://ibn.fm/3ivkT. Additionally, the latest news and updates relating to AXG are available in the company’s newsroom at https://ibn.fm/AXG.
