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 (CBB) to conduct stablecoin issuer activities. According to the company, AX Coin is the first entity licensed under the CBB'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. Company executives stated that the license will enable AX Coin to scale compliant stablecoin operations globally while fostering institutional adoption and programmable digital payment ecosystems. This development is significant as it establishes a regulatory precedent in the Middle East and could pave the way for broader acceptance of stablecoins in traditional finance.
SOLOWIN HOLDINGS, a global regulated fintech company established in 2016, combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. The company's mission, "Mobilizing Tokens 24/7," drives its two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings include 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 license from the CBB is a critical step for SOLOWIN HOLDINGS as it seeks to expand its footprint in the digital asset space. By obtaining regulatory approval from a sovereign central bank, AX Coin can offer stablecoin services with enhanced credibility and compliance, which are essential for institutional adoption. This move also aligns with global trends where regulators are increasingly establishing frameworks for digital assets to ensure consumer protection and financial stability.
For more information, visit the company's website at https://www.alloyx.com or its Investor Relations webpage at https://ir.alloyx.com. The full press release is available at https://ibn.fm/GmoUR.
